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State Announces Microgrants For Business

September 10th, 2024 by WCBC Radio

The Maryland Department of Housing and Community Development announced the opening date of the next application round of the Business Boost microgrant program. Microgrants range from $20,000 to $50,000 to support small businesses who need capital for growth and/or expansion opportunities.  Applications will be accepted online starting September 23, 2024​, at Noon​. The Business Boost microgrant assists businesses seeking to expand or establish a location, with a preference to supporting home-based businesses in establishing their first commercial location outside of the home.