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Find similar grantsNeighborhood BusinessWorks Business Boost Microgrant is sponsored by Maryland Department of Housing and Community Development. Provides microgrants to support small businesses in growth and expansion opportunities.
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Accessibility Information Business Boost Microgrant Funding Available! The Business Boost application round has closed as of October 14, 2024, at 5 PM.
The Department of Housing and Community Development (DHCD) through the Neighborhood BusinessWorks (NBW) program, is offering up to $2,000,000 of Business Boost microgrants ranging from $20,000 to $50,000 to support small businesses who need capital for growth and/or expansion opportunities. Applications will be accepted online starting September 23, 2024, at 12 PM EST.
The application round is projected to close when funds are exhausted. Please check back to DHCD's website periodically for additional updates. The Business Boost microgrant assists businesses seeking to expand their business, or establish a location, with a preference to supporting home-based businesses in establishing their first commercial location outside of the home.
Business Boost funding will seek to fund businesses that meet one or more of the priority impact attributes that lead to growing the economy throughout the state. A few of the priority impact attributes are: Businesses within a Sustainable Communities area. Innovative small businesses that drive innovation or technology advancements.
Businesses that are growing new industries. Businesses focused on regional strengths to grow local economies. Businesses that leverage partnerships between local school districts, community colleges, and other higher education institutions in Maryland.
Minority Business Enterprise (MBE).
The for-profit business must demonstrate plans for growth and meet ALL of the following criteria: Be in a Sustainable Communities area; Have a matching contribution equal to or greater than the grant request amount; Be located in an eligible location in Maryland; Have greater than 2 employees and 50 or fewer employees (full-time equivalent) as of March 13th, 2024; Have an annual revenue greater than $50,000 but less than $1 million; Be in good standing with the Maryland Department of Assessments and Taxation (SDAT); Be in good financial and legal standing, i.e., no past due amounts, liens, or judgments due to legal or financial defaults or delinquencies; Professional services and sales based businesses, including Insurance, Accounting, Real Estate, Legal, Finance and other similar structured businesses are not eligible.
Also, non-profit organizations, cannabis-based businesses, pawn shops, gun shops, massage parlors, adult video/book shops, adult entertainment facilities, tanning salons, check-cashing facilities, gambling facilities, tattoo parlors, and liquor stores are not eligible. Eligible Business Locations The NBW Business Boost Microgrant funding is for businesses located in a Sustainable Communities area.
Use the Neighborhood Revitalization Mapper to see if your business location qualifies. The Business Boost application round has closed as of October 14, 2024, at 5 PM. Applications are evaluated based on meeting eligibility requirements and a review of the business’ financials.
Priority of funding will be based on the impact of the business’s expansion plans (new hires, capital investment, increase in square footage) and completeness of the application and the geographic diversity. All applicants will create an account to initiate an application, to make updates to their application, to check on the status of their application and to receive any communications related to their application.
To find out more about this funding, read the Business Boost Microgrant Application Guide and FAQs . NOTE: Please read the application guide and the FAQs to answer all of your questions. After reading ALL of the materials, if you still have questions, please email specific questions to [email protected] .
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Based on current listing details, eligibility includes: Small businesses located within a Sustainable Communities area in Maryland. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates $20,000 to $50,000 Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
Homelessness Solutions Program (HSP) is a grant from the Maryland Department of Housing and Community Development that funds homelessness prevention and resolution services across Maryland. The program provides technical support and funding to Continuums of Care (CoCs) and Local Homeless Coalitions (LHCs), which in turn support shelters, housing programs, and community services. Awards range from $300,000 to $4,200,000. Only eligible lead agencies for Maryland's 16 CoCs and LHCs may apply on behalf of homeless services providers in their community. The State Fiscal Year 2026 application period closed April 25, 2025, with a next cycle expected.
MD DHCD Operating Assistance Grant Program is sponsored by Maryland Department of Housing and Community Development. MD DHCD Operating Assistance Grant Program is a grant from the Maryland Department of Housing and Community Development that funds operating expenses — including salaries, professional services, and administrative costs — for nonprofits executing community revitalization project…