Governor Wes Moore announced $10 million for small business and community development grants through the Maryland Department of Housing and Community Development’s Project Restore 2.0 and Business Boost grant programs.
**check who can apply and eligibility requirements**
The funding will activate vacant spaces in business corridors, support small businesses with start-up or expansion funds, create jobs, and increase local economic activity.
Project Restore 2.0 will provide $8 million to designated Main Streets, Arts and Entertainment Districts, and other economic development organizations in a designated Sustainable Community.
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 would then sub-grant the funding to businesses for rental assistance, renovation and equipment to activate those vacant spaces.
Business Boost’s first round of grant funding will be $2 million directly awarded to eligible small business owners in amounts between $20,000 and $50,000. The businesses have to be new or expanding and located in designated Sustainable Communities.
👉🏽👉🏽To apply, click here https://lnkd.in/etr8JuEP
Applications will be accepted through Wednesday, April 24th.