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Keyword: small businesses

Up to $30,000 Grants to Support Holiday Lighting, Welcome Signs, Website Development, Farmers Markets and More

Recognizing the need for additional support for Baltimore County’s small business corridors amid the pandemic, County Executive Johnny Olszewski today announced an expansion of the Commercial Revitalization Action Grant program, providing grants of up to $30,000 to eligible business associations.

“Main streets are the bedrock of our communities and we’re proud to do even more to help our small, independent businesses offer safe, secure, and festive shopping and entertainment experiences,” said Olszewski. “We are pleased to provide increased support for our invaluable small businesses as we continue building a better Baltimore County together.”

Baltimore County traditionally offers annual grants of up to $10,000 to business associations in County Commercial Revitalization Districts for projects that benefit businesses in their communities, such as holiday lighting, welcome signs, website development, street trees, security cameras, farmers markets and more.

This year, Baltimore County is making grants of up to $30,000 available, allowing business associations to increase their investment in neighborhoods at a time when so many small businesses have struggled with lost revenue.

Supporting Commercial Revitalization Districts

Baltimore County's 18 officially designated Commercial Revitalization Districts are provided support from County officials who work closely with businesses, property owners, business associations and communities to provide a range of services aimed at maintaining the health and vitality of neighborhood commercial areas.

Baltimore County's Commercial Revitalization Districts are:

  • Arbutus
  • Baltimore National Pike
  • Catonsville
  • Cowenton-Ebenezer
  • Dundalk
  • Essex
  • Lansdowne
  • Liberty Road
  • Loch Raven
  • Merritt-Sollers Point
  • North Point
  • Overlea-Rossville
  • Parkville
  • Perry Hall
  • Pikesville
  • Reisterstown
  • Towson
  • Woodlawn

For more information about the Commercial Revitalization Action Grant program, please visit the County’s website or email wskibinski@baltimorecountymd.gov. Applications are open until October 30, 2020.

Reisterstown Designated Main Street Maryland

Olszewski announced the expanded grant program today during a tour of Main Street in Reisterstown, which in September officially received a Main Street Maryland designation.

Created in 1998 by the Maryland Department of Housing and Community Development, the Main Street Maryland program strives to strengthen the economic potential of Maryland’s traditional main streets and neighborhoods.

The Olszewski administration made efforts to secure a Main Street Maryland Designation in Reisterstown a top priority.

Reisterstown is the second officially designated Maryland Main Street in Baltimore County.


Loans will Help Offset Cash Shortfalls Resulting from COVID-19 Business Closures and Contractions

Baltimore County Executive Johnny Olszewski announced today that the County has secured a $1.6 million CARES Act grant to provide low-interest loans to qualifying Baltimore County small businesses to help them recover from the sudden and severe economic impact of the Coronavirus pandemic.
 
“We are not only in the midst of a public health crisis, but an economic one, and government has a responsibility to help support our small businesses — the lifeblood of our communities,” said Olszewski. “These funds come at a critical time as our small businesses need immediate aid to adjust to the ongoing economic realities of this pandemic and to continue supporting their employees.”
 
The County will use these new grant funds, awarded by the U.S. Department of Commerce’s Economic Development Administration (EDA), to capitalize a new small business revolving loan fund that will be open to Baltimore County firms from all business sectors. The Department of Economic and Workforce Development (DEWD) will administer loans in amounts ranging from $50,000 to $250,000 that will provide working capital to help offset cash shortfalls resulting from COVID-19 business closures and contractions. Approved borrowers may use the funds for a range of needs including supporting payroll, acquiring equipment and inventory, reconfiguring existing or new space to meet Coronavirus guidelines, capital improvements and more.
 
“Baltimore County businesses are suffering and we need to leave no stone unturned to find funds from any source possible to support our businesses and their employees,” said Baltimore County Council Chairwoman Cathy Bevins. “I commend County Executive Olszewski, Acting Director of Economic and Workforce Development Chris McCollum, and the Economic Development team for identifying new funding sources to support the Baltimore County economy.”
 
“Maryland’s small businesses are facing the greatest threat in generations. Congress has a responsibility to ensure that our small businesses most in need, and their workers, have every resource available to help them face this pandemic safely, adapting to whatever changes may be necessary due to COVID-19,” said Senator Ben Cardin, Ranking Member of the Senate Small Business and Entrepreneurship Committee. “I’m proud we were able to inject more federal funds into Baltimore County’s small businesses. There is more we can be doing though. Senator Mitch McConnell must bring forward  the Heroes Act, which passed the House of Representatives in May, so that we can deliver more of the much-needed support for Maryland and across the country.”
 
DEWD expects to begin processing loan applications within the next several weeks. Businesses that are interested in learning more about the loan program are encouraged to contact the business development team at covidbizloan@baltimorecountymd.gov.


 
 
Revised October 16, 2020               
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