Baltimore County Now
Kamenetz on the Red Line
Given Governor Hogan’s announcement that he will cancel the Red Line as currently planned, it is imperative that he tell us what he proposes as an alternative. The Baltimore region still needs reliable and accessible transportation options other than automobiles to allow people to get to and from work. Baltimore County is home to Social Security and CMS headquarters, with more than 16,000 employees, many of whom would have used the Red Line to come to work. Without presenting viable alternatives, the State not only forfeits available federal funding, it leaves Baltimore County, Baltimore City and the region stuck in traffic.
'Be in the Know Community Resource Day'
Residents are invited to a free day of information sessions on topics ranging from Credit 101 to starting a small business, renter’s rights, how to become a homeowner and services for seniors and veterans, Saturday, June 27, 10 a.m. to 3 p.m. at Woodlawn High School, 1801 Woodlawn Drive, Baltimore, Maryland 21207.
A highlight of “Be in the Know Community Resource Day” is a morning “Speak Up” session where residents can share thoughts on services their communities need.
“Baltimore County government is constantly searching for better ways to support our residents by providing easy access to housing, business and health services that can help them prepare for a bright future,” said Baltimore County Executive Kevin Kamenetz. “Community Resource Day is also an important opportunity for County government to listen to our west side residents and learn what services they would like to see in their communities.”
Free Homeownership and Small Business Sessions
Twenty-five exhibitor will be on hand at the event, with free information presentations throughout the day. A homeownership track includes sessions on how to get approved for a loan, lead paint hazards in your home, making your home energy efficient, and down payment and closing cost assistance. Entrepreneurship opportunities are discussed at sessions on free small business services, business finance and government contracting.
Baltimore County is planning additional Community Resource Days for other communities in the coming months.
More flexible loan funds are now available to small, veteran- minority- and women-owned businesses with $1.6 million in new funding for the Baltimore County Boost Fund. A total of $1.38 million in small business loans already has been approved since the program launched in October 2014.
“Our first round of funding supports an amazingly diverse group of entrepreneurs that reflects our entire business community, from a women-owned food manufacturer to a veteran-owned building contractor, to cybersecurity, edtech and environmental technology companies,” said Baltimore County Executive Kamenetz. “Every dollar in loans goes back into the economy to generate jobs and support the growth of promising small businesses.”
Loan funding comes from the Maryland Small, Minority and Women-Owned Business Loan Fund, which was established with revenue from Maryland casinos.
The next round of Boost loan funds is available to help businesses in Baltimore County and throughout the State.
How Loans Can be Used
The Boost Fund, managed by the Baltimore County Department of Economic and Workforce Development, can lend qualified small businesses between $50,000 and $250,000 for start-up and gap funding, building and leasehold improvements, business and equipment acquisition, commercial real estate acquisition and working capital.
Boost Fund loans are flexible, with a reduced down payment and interest rates set at or below market rates. Payment plans are customized to meet the cash flow needs of each business.
Suite of Business Resources
“The Boost Fund is a valuable addition to the County’s business resources, which include free employee recruitment and training programs, site selection assistance and a suite of financing options. Baltimore County stands ready to support companies when they are ready to expand and add jobs,” said Will Anderson, director of the Baltimore County Department of Economic and Workforce Development.
For more information on the Boost Fund or to apply for a loan, visit Baltimore County Department of Economic and Workforce Development at www.BCBoostFund.com or call 410-887-8000.