Baltimore County Now
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.
Wonderful Pets Available for Adoption Every Day
Forty-four animals were adopted (seven of them by veterans) during the Baltimore County Animal Services’ (BCAS) 2015 Memorial Day promotion. Of these, 23 were cats and 21 were dogs. The half-off adoption discount to County residents (and waived adoption fees for United States veterans who are County residents) took place from May 17 to 25.
“We are so pleased that residents took advantage of our reduced and in veterans’ cases, waived adoption fees,” said Baltimore County Executive Kevin Kamenetz. “The purpose of our deep discount days is to increase the number of animals adopted from the shelter. The increase from the number of pets adopted per promotion day from 2014’s Memorial holiday is highly encouraging.”
A total of 28 pets were adopted during the 2014 five-day Memorial Day promotion. Of these animals, 17 were cats and 11 were dogs. According to the American Society for the Prevention of Cruelty to Animals, more than 7.6 million pets enter animal shelters each year in the United States. Of these, only approximately 2.7 million are adopted. The American Veterinary Medical Associate states that approximately 40 percent of pet owners learned about their pet through word of mouth. Recognizing the powerful reach of word-of-mouth via social media, the County launched a dedicated Facebook Page for BCAS earlier this year. To date, the page has more than 2,300 “likes.”
“Owning a pet is a great way to enhance your quality of life and doing so, offers an array of health benefits,” said Dr. Gregory Wm. Branch, Director of Health and Human Services. “Pet ownership can help reduce blood pressure, cholesterol and loneliness, and increase opportunities for exercise outdoor activities and socialization.”
“I am delighted that so many pets found new homes as a result of our Deep Discount Days” said Baltimore County Council Chair Cathy Bevins. “Additionally, the Pets for Vets promotion is a win-win, offering residents a financial discount, and the animals adopted from our shelter, safe, permanent homes.”
For those who were unable to make it to the shelter during the Memorial Day promotion, adoptable animals are still available. Adoption fees cover the cost of your new cat or dog that will be spayed or neutered, vaccinated against rabies and other diseases, licensed and micro-chipped. View adoptable pets at the Baltimore County Animal Shelter. For more information about Animal Services, visit the Facebook page or call 410-887-PAWS (7297).
by Rick Johnson, Business Development Representative
Baltimore County Department of Economic and Workforce Development
The next time you open a pack of Reese's Peanut Butter Cups, pay close attention to the inner wrapping. Notice the thin brown paper that helps seal in the candy's freshness. How does each packet get cut to perfection? For this precision, thank Mann-Pak, a veteran and family-owned packaging company in Middle River.
Mann-Pak wraps more than just peanut butter cups. Thousands of products in grocery stores are sealed in shrink-wrapped packages from Mann-Pack, including paper towels, sponges, tissue multi-packs, confectionery wraps, and baked goods. In fact, Mann-Pak provides flexible packaging for major food industries and industrial organizations around the world.
Products include Go-Green packaging that uses a proprietary process that reduces CO2 emissions by using less material and less energy.
In business for more than 25 years, the company has become one of four major sources in the country for printing shrink film products in multiple markets. These markets include, poultry, bakery, candy, dairy, light industrial, and home table top paper goods. Mann-Pack serves companies internationally, including firms in South America, Mexico, Canada, and Asia.
Mann-Pak is proud to be known as a veteran-owned business. Working with the Baltimore County Department of Economic and Workforce Development, Mann-Pak's goal is to hire veterans to fill positions in their production operation, with significant growth forecast for 2015.
Although a small company now, Mann-Pak is capable of big things. And they’ll keep on helping those peanut butter cups stay fresh!
For more information on locating in Baltimore County, contact the Baltimore County Department of Economic and Workforce Development at email@example.com, call 410-887-8000 or visit online at www.BaltimoreCountyBusiness.com.