Image Cover for Maryland Business Boost Microgrant

Maryland Business Boost Microgrant

$20-50k for Maryland-based small businesses


Image Cover for Maryland Business Boost Microgrant
Match Level
Top Match
User Rating
4.5
Est. Time To Apply

Details

The Maryland 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. To qualify, you must:

  • 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

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