The Greater Washington Community Foundation is offering this Request for Proposals (RFP) to support the growth and sustainability of small businesses in Prince George’s County.
Donor Name: Greater Washington Community Foundation
State: Maryland
County: Prince Georges County (MD)
Type of Grant: Grant
Deadline: 05/13/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
In collaboration with PNC, this program will support existing small businesses and position them to harness the economic benefits of development happening along the Purple Line and Blue Line corridors. Small businesses along the Purple Line and Blue Line corridors in Prince George’s County face significant challenges while these transformational infrastructure projects are under development. Due to disruptions caused by construction as well as the ongoing effects of the pandemic, businesses require increased access to resources and support for operational costs, technical upgrades, and other assistance to retain and grow their customer base and workforce.
This program will provide immediate support in the form of grants and technical assistance, with the overall goals of fostering economic mobility among entrepreneurs and enhancing access to services and jobs for residents. By supporting the growth and sustainability of small businesses as employers, economic drivers, and neighborhood anchors, this effort continues The Community Foundation’s commitment to closing region’s racial wealth gap.
Funding Information
- Total grant funds available through this RFP is $350,000.
- The Community Foundation will award grants of up to $20,000 to up to 20 small businesses in the county.
Eligible Expenses
Eligible small businesses may request up to $20,000 to cover:
- Operational costs such as payroll, rent, utilities, certifications/licenses, etc.
- Acquiring and implementing technology.
- Capital improvements including equipment repair/purchase, renovations, and façade improvements. (For renovations and façade improvements, the business must either own the facility being improved or have a long-term lease with at least five years remaining on the lease.)
- Technical assistance to support the development and implementation of strategic, growth, or marketing plans.
Eligibility Criteria
Eligible applicants will meet the following requirements:
- Has a physical location within the target corridors in Prince George’s County specifically within the following neighborhoods or zip codes:
- Langley Park – 20783, 20903, 20912
- Chillum – 20782, 20783, 20912, 20712
- Adelphi – 20783, 20782, 20903
- Seat Pleasant – 20743, 20785
- Largo – 20721, 20774
- Suitland – 20746, 20747, 20748
- Glenarden – 20706
- District Heights – 20747
- Capitol Heights – 20743
- Has 10 or fewer total employees
- Under $5 million in annual gross revenue during the most recently concluded tax year
- Currently in operation and have been in operation for a minimum of 3 years prior to application
- Organized as a for-profit entity with one of the following entity types: sole proprietorship, LLC, S-Corp, C-Corp, partnership
- Must be a legally registered entity in good standing with all necessary county and state licenses and permits
- Must demonstrate a commitment to community impact
For more information, visit Greater Washington Community Foundation.
