Neighborhood BusinessWorks Archives

Governor Wes Moore 2023 State of the State

Governor Moore signs $60 million executive order to provide relief to businesses, workers impacted Key Bridge collapse

Posted on April 8, 2024 by Chris Montcalmo

ANNAPOLIS, MD—Governor Wes Moore has signed a $60 million executive order to provide temporary relief to businesses and workers impacted by the Francis Scott Key Bridge collapse. The order directs state agencies to identify potential relief funds and programs to supplement the aid approved for the Port of Baltimore. The Port of Baltimore Emergency Business Assistance Program will distribute $15 […]

Governor Moore announces $15 million available for small business relief

Posted on May 17, 2023 by Chris Montcalmo

ANNAPOLIS, MD—Governor Wes Moore this week announced a $15 million commitment to minority-led small business lender Lendistry to provide relief to Maryland small businesses. The commitment is the latest investment through the State Small Business Credit Initiative, through which Maryland is deploying up to $198 million in federal relief. “As the first Community Development Fund Institution to begin offering loans […]

Governor Hogan Maryland Budget Announcement 20221215

Governor Hogan announces preliminary FY24 budget plan, health care investments for rural and vulnerable communities [VIDEO]

Posted on December 15, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Thursday announced preliminary recommendations for the state’s Fiscal Year 2024 (FY24) budget, a plan that supports continued economic growth and community revitalization, strong fiscal responsibility and budget sustainability, and key investments in critical areas—including expanding access to health care for rural and vulnerable communities. “I pledged to bring fiscal responsibility and common sense to our […]

Governor Hogan announces new application round for Opportunity Zone microgrant funding

Posted on October 3, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Monday announced that the third application round of Opportunity Zone Microgrant Funding will open on Tuesday, October 4, allowing eligible small businesses seeking to expand within designated Opportunity Zones to apply for microgrants ranging from $50,000 to $100,000. The Opportunity Zone Microgrants will be distributed through the Neighborhood BusinessWorks program administered by the Maryland Department […]

Governor Hogan announces Maryland’s State Small Business Credit Initiative programs now open

Posted on August 24, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced Maryland programs funded by the State Small Business Credit Initiative (SSBCI) are open. Up to $198 million in federal small business relief is being administered by three state agencies: the Maryland Department of Housing and Community Development (DHCD), the Maryland Department of Commerce, and the Maryland Technology Development Corporation (TEDCO). These agencies will […]

Governor Hogan announces $40M in support to new, expanding small businesses [VIDEO]

Posted on October 30, 2019 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday announced that the State of Maryland has surpassed the milestone of more than $40 million in lending to over 170 small businesses through the Maryland Department of Housing and Community Development’s Neighborhood BusinessWorks program since January 2015. Neighborhood BusinessWorks provides gap financing to new and expanding small businesses located in Priority Funding Areas and […]

State designates Essex as Maryland Sustainable Community

Posted on August 13, 2018 by Chris Montcalmo

Essex is now qualified to apply for State funding for projects leading to increased economic, transportation and housing choices, and environmental improvements. The Maryland Department of Housing and Community Development has awarded Essex the designation of Maryland Sustainable Community, based on an application submitted in April by the Baltimore County Department of Planning, the Eastern Baltimore County Task Force, and […]

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