Baltimore County Links Businesses to Stimulus and Government Contracting Opportunities

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County Links Businesses To Stimulus and Government Contracting Opportunities

Towson, Md. (August 10, 2009) Companies can access valuable information about business opportunities through the American Recovery & Reinvestment Act (ARRA) and federal, state and local contracting through a new information page on the Baltimore County Department of Economic Development web site. Visitors to www.baltimorecountymd.gov/go/stimulus will find links to the federal and state stimulus web sites, as well as government contracting opportunities, free business consultation for small businesses, and assistance to women-and minority-owned businesses.

"Companies must dig deep to find new business development opportunities," state David S. Iannucci, Executive Director of the Baltimore County Department of Economic Development. "We've created this new information page to help companies find new contracting sources and access some of the many government services available to help their business succeed."

Business and commercial developers will also find information to help them determine whether they can benefit from Recovery Zone Facility Bonds, a new financing vehicle that is part of the American Recovery & Reinvestment Act. Baltimore County has been authorized to issue up to $48.8 million in bonds to businesses and commercial developers. Companies using these bonds can borrow funds from a commercial back to below market interest rates. Priority for issuing Baltimore County's Recovery Zone Facility Bonds will be given to projects located in the County's designated commercial revitalization areas or projects that support employment-generating uses.