Over $24 million in grant funding announced to aid Maryland businesses

BALTIMORE – Governor Hogan introduced $24.5 million in grants Wednesday for state companies.  

The grant funding is supplied by way of an initiative generally known as Venture Restore, which goals to help within the nation’s financial restoration.

The $24.5 million, which incorporates $8.8 million in property help grants, and 15.7 million in enterprise operations grants, will probably be distributed amongst 375 companies.

This program’s purpose is to encourage native corporations to occupy deserted storefronts and workplace buildings by providing renovation grants.

“Venture Restore has been an unimaginable success in advancing our mission to make Maryland Open For Enterprise, and at present’s awards lengthen that influence even additional in downtowns and on Primary Streets throughout the state,” the Governor stated Wednesday.  

The governor stated this spherical of grant funding will create roughly 2,520 jobs, and can assist minority owned companies.  

“We’re now in a position to lengthen the initiative’s influence even additional throughout the state—with simply over 80% of this spherical of grants going to minority-owned companies—supporting jobs and financial restoration for years to return.”

The initiative was launched by the governor final 12 months, and is run by the Maryland Division of Housing and Group Growth.  

For a full checklist of the companies that acquired funding, you may go to the DHCD web site.