Business Counselling Sessions With Task Force Still Available
The Annapolis Small Business Recovery Task Force's Business Advisory Committee provides free counseling to Annapolis small business owners. If you would like business advice from a member of the committee, please fill out the intake form. Areas of support include: cash management, finance, management and operations, ecommerce, information technology, legal, human resources, and marketing assistance.
Small Business Customer & Employee Protection Grant Program Still Open
The Small Business Customer and Employee Protection Grant Program is designed to assist local businesses purchase products and services needed for safe reopening in compliance with COVID-19 regulations. The program is supported with $ 5 million from the county's allotment of funding from the federal CARES Act and will be managed by the Anne Arundel Economic Development Corporation (AAEDC).
New COVID-19 Funding Allocated to Small Businesses in Maryland
Two Maryland programs will receive a total of $50 million of federal funding from the CARES Act. The bulk of the funds will be allocated to expand the Maryland Small Business COVID-19 Emergency Relief Grant Fund. he additional funding will become available on July 20th and will be distributed on a first-come, first-served basis based on the applications already received by the Maryland Department of Commerce.
An additional $5 million will be allocated to the Maryland Small Business Development Financing Authority (MSBDFA) to provide financing to businesses owned by economically and socially disadvantaged entrepreneurs. Funding awarded by MSBDFA must be used for working capital, supplies and materials, machinery and equipment acquisition, land acquisition, or real estate improvements.
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