Public Policy

Small Business Assistance Package for Baltimore

Office of Capital Access Provide $1.25 million in SBA Microloan loan capital, with up to $800,000 directed specifically towards Baltimore. GCBD’s Office of Business Development (BD) has identified a local Baltimore contractor – QCM – that will provide approximately $100,000 to support educational and technical services to firms in the area. The Office of Small Business Development Centers has determined that the Maryland Small Business Development Center is eligible to receive $253,308 in supplemental funding over 15 months.

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Additional Resources for Baltimore Small Businesses

BALTIMORE – The Administrator of the SBA, Maria Contreras-Sweet, today joined Mayor Stephanie Rawlings-Blake, Sen. Ben Cardin, Rep. Elijah Cummings, John Sarbanes and Dutch Ruppersberger, as well as Baltimore Development Corporation (BDC) President and CEO William H. Cole, IV, to announce additional resources to help businesses damaged by the civil unrest. In addition to previously announced disaster assistance for small business and home owners, the SBA has pulled together resources aimed to help rebuild the Baltimore community after recent events.

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Loans for Businesses of all Sizes, Homeowners and Renters

SBA Offers Disaster Assistance to Residents of the City of Baltimore Affected by Civil Disorder. City of Baltimore businesses and residents affected by events surrounding the instances of unrest between April 25 – May 3, 2015, can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Maria Contreras-Sweet announced today.

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Mayor Rawlings-Blake Announces One Baltimore Initiative

Mayor Stephanie Rawlings-Blake joined neighborhood leaders, elected officials, and representatives from the business, philanthropic and faith communities to announce One Baltimore, a comprehensive public-private initiative to support the ongoing efforts to facilitate opportunities for the city’s children, families and neighborhoods. The partnership will focus on short-term recovery and deeper systemic change.

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