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Funding a Maryland Business | Maryland Department of Commerce Turn on more accessible mode Turn off more accessible mode Our Alert Agency Alert will go here Access to capital and financing is essential for starting and growing a business. These investments help fuel innovation, support business expansion, and create jobs across Maryland.
The Maryland Department of Commerce offers a range of financial incentive programs , including venture capital investments and tax credits, direct loans, grants, and loan guarantees. Together, these programs are designed to attract new companies, encourage business growth, support job creation, and strengthen Maryland’s economy.
For a comprehensive archive of Commerce financial incentive reports for our programs, please visit the document library or do a search on the Maryland Finance Tracker database. For a list of program clawback data since FY2020, view the report here . Are you in an Enterprise Zone?
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According to the current listing, eligibility includes: See the Maryland grants portal for complete eligibility requirements. Confirm the full requirements in the official notice before applying.
Financial Incentives is funded by State of Maryland. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Maryland. If your organization operates elsewhere, check the official notice for location requirements.
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Empowering Communities Grants is sponsored by PPL Foundation. These grants enrich the overall vitality of the community through programs that protect the environment and improve people's lives. Focus areas include environmental stewardship and education. Projects involving native plant pollinator habitat restoration within the Schuylkill watershed could align with environmental stewardship goals.
Brown Girl Jane x SheaMoisture Grant is a grant from SheaMoisture and Brown Girl Jane that funds Black and woman-owned beauty and wellness businesses in the United States. Part of SheaMoisture's broader commitment to addressing racial inequality through its $1 million annual giving fund, this program specifically supports founders at the intersection of Black and women-owned entrepreneurship in the beauty and wellness sector. Applicants must be based in the U.S. and have operated their business for at least one year. Grants range from $10,000 to $25,000. Check the SheaMoisture Fund website for the current open cycle, as deadlines vary by cohort.
Hopkins expanded its Pivot and Bridge program from $12.5M to $60M annually, raised the per-award cap to $250K, and dropped the divisional match requirement. Maryland chipped in $8.5M. The structure tells you where private bridge-funding is heading.
Read articleOn June 1, Maryland's Department of Housing and Community Development announced $73.3 million in FY2027 awards across six State Revitalization Programs supporting 247 projects in disinvested communities. $50.7 million — 69% of the total — went to Just Communities, geographic areas the state has designated for equity-focused investment. Another $18.6 million went to ENOUGH-eligible census tracts where childhood poverty is concentrated. The new round opens June 22 with an August 6 deadline. The Maryland model establishes a state-led framework for equity-targeted funding that operates outside the federal DEI restrictions the OMB Uniform Guidance rewrite will impose on federal grants beginning October 1, 2026.
Read articleThe Maryland Clean Energy Center's Climate Catalytic Capital Fund opened May 13 with two application windows closing in late May and late June. Three product lines — bridge loans, lines of credit, feasibility grants — are designed to plug the gap left by IRA tax credit uncertainty.
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