Jobs that Build Employer Fund: Fund provides an opportunity for employers impacted by Covid-19 to pursue innovative solutions to their most pressing workforce challenges. By offering financial assistance to employers who want to meaningfully support and incentivize their employees, the Fund intends to encourage better recruitment, smarter training, and enduring employee retention. Learn more about this program here!
$15 million Available for Catalytic Revitalization Tax Credit: The Maryland Department of Housing and Community Development announced today the second application round of the Catalytic Revitalization Tax Credit program, designed to rehabilitate properties formerly owned by the government for economic and community development purposes. Eligible applicants can apply for the up to $15 million tax credit starting on Monday, October 17. Click here to learn more.
Maryland’s State Small Business Credit Initiative (SSBCI) Program: Maryland’s State Small Business Credit Initiative consists of nine programs that support a small business during its entire lifecycle, from startup to maturity. The loans or equity/investments are designed to help businesses seeking loans for expansion (working capital loans, contract financing, business owner occupied real estate acquisition, etc.), businesses seeking equity investments for expansion and growth, and Community Development Financial Institutions seeking capital to re-lend to small businesses. All SSBCI programs are now open and applications are being accepted. Learn about the different Maryland SSBCI programs and find the right one for you here!
