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Find similar grantsSmall Business Grants to Strengthen Local Economies is sponsored by Maryland Department of Housing and Community Development. Offers $10 million in grants to activate vacant spaces and support small businesses with startup or expansion funds.
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Accessibility Information Small Business Grants to Strengthen Local Economies Through $10 million in small business and community development grants, the Maryland Department of Housing and Community Development plans to target investments to activate vacant spaces in business corridors and support small businesses with start up or expansion funds while creating jobs and increasing local economic activity.
There are two paths that the grant funding can be accessed: economic development entities can apply for Project Restore 2. 0, which will incentivize commercial investment in downtowns, Main Streets and other business districts by providing funding for entities to subgrant to businesses. Or eligible new and expanding small businesses in designated Sustainable Communities can apply for funding directly through Business Boost.
Place-Based Economic Development Organizations Project Restore 2. 0 will provide $8 million to designated Main Streets, Arts and Entertainment Districts and other place-based economic development organizations in a designated Sustainable Community. The grants of up to $300,000 per applicant will go to organizations that have identified priority vacant storefronts or buildings in local business districts.
Those organizations will then sub-grant the funding to businesses for rental assistance, renovation and equipment to activate those vacant spaces. Businesses that receive sub-granted funds will have until December 2025 to open and be operational. Project Restore 2.
0 is currently closed. 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. The Business Boost application round has closed as of October 14, 2024, at 5 PM.
Any incomplete applications after the deadline are ineligible. ensures HTML content is downloaded and parsed first. This also means the site can begin to display prior to loading all JS, which helps display performance.
According to the current listing, eligibility includes: Economic development entities and eligible new and expanding small businesses in designated Sustainable Communities. Confirm the full requirements in the official notice before applying.
Small Business Grants to Strengthen Local Economies is funded by Maryland Department of Housing and Community Development. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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