 The American Recovery and Reinvestment Act of 2009 (ARRA) impacts all areas of government and business including Economic Development , Energy, Environment, Education, Health & Human Services, Housing, Public Safety, Transportation and Workforce Development. The State of Maryland's ARRA Business Connection is designed to help link Maryland Businesses with federal stimulus contracting opportunities. Maryland Business Connection is an online guide that includes information on how to access capital, do business with the state's federal facilities, market products and services, and recruit and train employees. Email: arra@choosemaryland.org or Phone at 1-800-541-8549 A $48.8 million allocation from the federal government will enable Baltimore County to issue Recovery Zone Facility Bonds, a new financing vehicle that is part of the American Recovery & Reinvestment Act. Businesses and commercial developers using these bonds can borrow funds from a commercial bank at below market interest rates. Baltimore County will not incur any financial liability as a result of issuance of these tax exempt bonds. 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. All projects must be valued at a minimum of $1 million and complete a pre-concept plan review by County agencies. In order to allow adequate time for the bond process, plan approval suitable for financing must be completed by July, 2010. By federal law, all Recovery Zone Facility Bonds must be issued before January 1, 2011. Interested parties must file a brief questionnaire and project summary with the Baltimore County Department of Economic Development between August 4, 2009 and November 16, 2009. For further assistance you can phone Stanley Jacobs at 410-887-8000.
Baltimore County
Department of Economic Development
400 Washington Avenue Towson Maryland 21204
Phone 410-887-8000 Revised August 28, 2009 | 
Courthouse 