Maryland Business Boost Microgrant

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