Small Business Grants in Maryland (MD)

Securing a small business grant in Maryland involves identifying the right opportunities, understanding the eligibility criteria, and preparing a compelling application. Here are some of the most relevant opportunities for small businesses in Maryland:

Maryland Department of Commerce Programs
The Maryland Department of Commerce offers a variety of funding and incentive programs. These include the Maryland Small Business Development Financing Authority (MSBDFA), which provides financing for approved small businesses.

TEDCO Programs
The Maryland Technology Development Corporation (TEDCO) provides entrepreneurial business assistance and funding programs. This includes the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which are particularly relevant for businesses close to the federal government.

Maryland Entrepreneur Hub
The Maryland Entrepreneur Hub provides a comprehensive list of various funding sources, including county, university, and venture capitalist opportunities.

Maryland Small Grants Program (MSGP)
The MSGP allows smaller Maryland businesses to apply for grants of up to $50,000 for two years ($100,000 total). This program includes all Foundation areas of giving and there is no application deadline.

Amber Grants for Women
WomensNet offers the Amber Grants for Women, which are awarded monthly. These grants are available to businesswomen in Maryland and across the United States.

Maryland State Grants
The local state government in Maryland provides small business grants to businesses and organizations in Maryland. These grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from the government.

Montgomery County Programs
Montgomery County offers a wide range of funding and incentive programs, including the Maryland Economic Adjustment Fund, Maryland Economic Development Assistance Authority, Maryland Small Business Development Financing Authority, Small, Minority and Woman-Owned Business Account, and Video Lottery Terminal Fund (VLT).

Partnership for Workforce Quality (PWQ) and ExportMD Program
Maryland offers a variety of small business grants, including Partnership for Workforce Quality (PWQ) and ExportMD Program funds. The PWQ Grants Program is for established Maryland businesses in operation for at least 12 months and in good standing with the Maryland Department of Commerce.

Minority Business Enterprise (MBE) Certification
Maryland offers a variety of benefits for Small, Minority, and Women-Owned businesses. Becoming a certified Minority Business Enterprise (MBE) can help distinguish your business from competitors and fulfill minority participation goals.

Each grant opportunity has its own specific eligibility criteria and application process. It’s important to thoroughly review these details before applying. Additionally, crafting a compelling grant proposal that clearly communicates your business’s mission, impact, and financial needs can significantly increase your chances of securing funding. Join POTD to Explore more about other Small Business Grants like Small Business Grants in South Carolina (SC) and Small Business Grants in Montana (MT).