Baltimore County Now
'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.
Yes - you heard it right, magical and extraordinary things are happening in Baltimore County. At a recent open house celebrating National Business Week hosted by the Baltimore County Small Business Resource Center (SBRC), attendees where enchanted by a tale of daring to make a dream into a reality.
Kim Cross started her business with an idea and a visit to the SBRC. Working with small business counselor Kim Taylor, she received financial planning, legal advice and help building a viable business and marketing plan.
Today, Faerie magazinetantalizes the imagination with lush exquisite photography, original fiction and poetry, articles to spark creativity, and craft tutorials—with a dash of faerie magic sprinkled throughout. Revenue for the high-end quarterly print publications tops $1 million. With over one million Facebook likes and not a cent spent on advertising, it’s easy to start believing in the magical and extraordinary.
During the SBRC open house County Executive Kevin Kamenetz awarded the 2015 Small Business Resource Award to Ms. Cross for her impressive ingenuity and success.
“I’m constantly telling small business owners to check out the Small Business Resource Center because it is so extremely helpful, it does not cost anything, and you’re dealing with professionals that really care,” said Ms. Cross.
“To see someone go from an idea to revenues of a million dollars - and moving on up - is really exciting,” said Director of Baltimore County Department of Economic and Workforce Development Will Anderson. “We’re going to help Faerie Magazine get into the export market to their increase sales. This is the kind of exciting small business that the County can help grow, whether it’s through financing, marketing or working on a business plan.”
The SBRC conveniently shares space with the Baltimore County Chamber of Commerce, where programs and events help their more than 500 members develop strategic relationships in the business community.
So, start dreaming. Baltimore County is here to help make it happen.
Contact the Small Business Resource Center for a free business consultation at410-825-6200.
Baltimore County Department of Economic and Workforce Development