ANNAPOLIS, MD—The state of Maryland on Tuesday announced it will grant $16.2 million to 121 small businesses, local governments, and place-based economic development organizations to help revitalize local communities. The governor’s office says the money will help small businesses expand or establish locations. The grants come from the state’s Business Boost Microgrant Program, the Main Street Improvement Grant, and Project […]
ANNAPOLIS, MD—Governor Wes Moore this week announced grants of up to $50,000 to help small businesses expand or open in designated areas. The grants are part of the state’s Project Restore 2.0 and Business Boost grant programs. “When storefronts close down, our entire state feels it,” said Governor Moore. “Now is the time to work in partnership with the private […]
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 […]
ANNAPOLIS, MD—Governor Larry Hogan this week announced awards for 376 businesses through Project Restore, an economic recovery initiative that provides financial incentives for small businesses to revitalize vacant retail and commercial spaces. A total of 376 businesses in all 23 counties and Baltimore City will receive $24.5 million through the initiative—including $8.8 million in property assistance grants and $15.7 million […]
ANNAPOLIS, MD—Governor Larry Hogan on Thursday announced the opening of the second application round for Project Restore, an economic recovery initiative that provides financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. Through Project Restore, the Maryland Department of Housing and Community Development will administer $25 million in rental and operational grants to new […]
ANNAPOLIS, MD—Governor Larry Hogan on Tuesday announced the second round of recipients for Project Restore, a $25 million economic recovery initiative that provides financial incentives to revitalize vacant retail and commercial space. In this round of awards, 209 businesses will receive $5.2 million in rental subsidies and $9.3 million in business operations grants over the next two years, totaling $14.5 […]
ANNAPOLIS, MD—Governor Larry Hogan on Tuesday afternoon announced the largest tax relief package in state history to deliver more than $4.6 billion in relief for Maryland families, small businesses, and retirees. “Next to our health recovery from the worst pandemic in more than a century, nothing is more important than our continued economic recovery,” said Governor Hogan. “With all of […]
ANNAPOLIS, MD—Governor Larry Hogan this week announced the first round of awardees for Project Restore, a $25 million economic recovery initiative that provides financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. A total of 144 businesses in 23 jurisdictions will receive $3.6 million in rental subsidies and $7.2 million in business operations grants […]