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Keyword: small business

A health drink manufacturer and the makers of a gel to improve sports glove performance are among the latest small businesses to receive loans from the Baltimore County Boost fund, a flexible financing resource for entrepreneurs. More than $3.8 million in Boost Fund loans have been approved to 31 companies since the program launched in late 2014. Together, these businesses represent over 425 jobs.

“Fueling promising small businesses is one of the best investments we can make to grow our economy. Boost Fund loans come at a critical time when early stage companies are ready to add jobs, expand facilities, invest in new equipment and move to their next stage of growth,” said Baltimore County Executive Kamenetz.

Recent loans supported two growing Baltimore County manufacturing companies.

Mobtown Fermentation

Mobtown Fermentation brews Wild Kombucha, a drink made from fermented tea and organic juices. Based on a family recipe, Wild Kombucha is brewed in Timonium and is available at 230 locations in the Mid-Atlantic. A $100,000 Boost Fund loan helped the company move from hand to automated bottling.   

“Loan support from the Baltimore County Boost fund has allowed us to purchase an automated bottling line to keep up with product demand. We are adding jobs in Baltimore County as more and more people discover the fresh taste and healthy benefits of our unique kombucha brews,” said Sid Sharma, a partner in Wild Kombucha.

Grip Boost, Inc.

“It took two University of Maryland chemical engineers and a former Ravens tight end to come up with a product to improve the performance of athletic gloves. Our company, Grip Boost, found the additional working capital we needed to add inventory and grow our business in the perfect place, the UMBC Technology Center,” said Matt Furstenburg, CEO, Grip Boost.    

Grip Boost is used to improve the grip performance of football, baseball and golf gloves. A $100,000 Baltimore County Boost Fund loan will be used for working capital as the three-year old company expands and adds inventory.

Loans customized for each business

The Boost Fund, managed by the Baltimore County Department of Economic and Workforce Development, can lend qualified small businesses in the region 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.

Loan funding comes from the Maryland Small, Minority and Women-Owned Business Loan Fund, which was established with revenue from Maryland casinos.

Suite of business assistance services

“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.


Baltimore County is making local shopping easier this holiday season with two hours of free meter parking. Parking will be free at 1,735 meters throughout Baltimore County Thanksgiving weekend, November 24-27. For last-minute shoppers, there also will be free meter parking December 21-25, just before Christmas and the start of Chanukah.  

Meters will be decorated with red “Seasons Greetings” bags in Catonsville, Towson, Parkville, Essex, Overlea, Pikesville, Arbutus, Stoneleigh, and Dundalk.

"A little relief at the parking meter during the busiest days of the holiday season makes it easier to support locally owned shops and restaurants,” said Kamenetz. “These small businesses help support the neighborhood economy. We encourage everyone to shop local on Small Business Saturday, November 26, and throughout the holiday season.” 

County Executive Kevin Kamenetz encouraged local shopping in a video recorded along the Frederick Road shopping district in Catonsville.


Fifteen small, minority and veteran-owned businesses have been awarded $1.66 million in loans from the Baltimore County Boost fund, a flexible financing resource for entrepreneurs. 

“The Boost Fund supports promising small businesses as they add jobs, expand facilities, invest in new equipment and move to their next stage of growth. We are especially pleased that this group includes six women-owned businesses, four minority-owned businesses and two veteran-owned businesses,” said Baltimore County Executive Kamenetz. 

More than $3.1 million in Boost Fund loans have been approved to 27 companies since the program launched in late 2014. Added together, these small businesses employ 484 people.

Loans customized for each business 

The Boost Fund, managed by the Baltimore County Department of Economic and Workforce Development, can lend qualified small businesses in the region 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.

Loan funding comes from the Maryland Small, Minority and Women-Owned Business Loan Fund, which was established with revenue from Maryland casinos.

Loans support businesses from Towson to Randallstown and Dundalk 

Baltimore County Boost loans have been approved to the following companies:

East Coast Dyes, Inc.  East Coast Dyes in Towson designs, manufactures and distributes lacrosse heads, mesh, shafts, lacrosse balls and other accessories.

Bob’s Overhead Door Repair & Service, Inc. Established in 1984, the company provides sales, service and installation of overhead doors, garage doors and door openers for commercial and residential customers.

Charles Village Pub & Wagner 5 LLC  Charles Village Pub in downtown Towson has purchased and renovated a former bank building and is adding a new deck area at the rear of their existing property.

Devaney & Associates, Inc. The company is a full-service advertising firm with clients include Stanley Black and Decker, T. Rowe Price, Dewalt, AT&T and Merriweather Post Pavilion. 

Elizabeth Klebe DVM, LLC  A start-up veterinary practice that will focus on serving private horse owners, race horse owners, fox hunters on small family farms and large training and boarding facilities.

Exclusive Motors, LLC  Makia Properties, LLC owns and manages the property located at 10100 Liberty Road in Randallstown. The property will be occupied by Exclusive Motorcars, LLC a used car dealership.

KLR Real Estate, Inc. (KLR) Founded in 2002, KLR Real Estate, Inc. is a full service real estate broker, property management and construction management firm..

Little Crystal Bijoux, LLC Little Crystal Bijoux, LLC was established in 2013. The company designs, manufactures and retails custom made jewelry. The business operates a small shop in the Dundalk Village Shopping Center.

Rosedale Printing, Inc. – Minuteman Press  The company operates as a Minuteman Press franchise in Rosedale.

Schiavi, Wallace & Rowe, PC A full service CPA firm that provides specialized accounting and consulting services exclusively to the healthcare industry.

Site Support Services, Inc. The company provides sales, service and installation of HVAC systems that are used in IT environments.  

Sparks Dynamics, LLC  The company develops software systems that monitor the energy, security and operating status of industrial equipment.

Urban Design, Inc. (Aetna Shirt Company)  The Aetna Shirt Company in Essex manufactures formal dress shirts for the Navy and Air Force and custom medical lab coats and scrubs. The company recently entered into an agreement with a Japanese retailer that will sell shirts that are manufactured by Urban Design and sold under the retailer’s brand name. 

Suite of business assistance services

“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.


 
 
Revised September 11, 2017