The Calvert County Department of Economic Development is now accepting applications for the Calvert County Small Business Assistance Grant.
Donor Name: Calvert County Department of Economic Development
State: Maryland
County: Calvert County (MD)
Type of Grant: Grant
Deadline: 01/31/2023
Size of the Grant: $50,000
Details:
The Small Business Assistance Grant Fund was established to provide financial assistance that will help local small business owners grow and strengthen their existing businesses that are currently in operation in Calvert County.
Funding Information
Grants will be available for up to $50,000.
Grant funding must be used for expenses that expand the visibility and sustainability of the business. Examples of allowable uses include but are not limited to:
- Purchase of expanding and/or new inventory offerings
- Workforce training and development
- Capital Improvement Projects
- Hiring new employees
- Website development and/or improvements
- Business expansion costs
- Other costs associated with investing in the growth of the business
Eligibility Criteria
To be considered eligible to receive a grant, businesses must
- Be a for-profit business located in Calvert County, Maryland;
- Be a legally recognized business in good standing with the State of Maryland, as determined by the Maryland Department of Assessments and Taxation (SDAT);
- Be current on all county tax liabilities (paid in full);
- Be in operation for at least two years and making positive revenue (if your business is not making positive revenue, you are still eligible to apply; however, you will be required to provide justification explaining why your business is not making positive revenue); and
- Have a minimum of two employees but not more than 100.
All applicants must also submit the following when they apply:
- Completed online application
- Project narrative that provides a detailed explanation of how the funds will be used if awarded
- Copy of any business licenses required for the business
- First page of most recent W-9
- Last two years of business tax returns filed (first two pages only)
- Copies of detailed paid invoices and receipts or quotes for reimbursement of eligible expenses. Receipts accepted for eligible uses from Jan. 1, 2022 up to six months after grant launch.
For more information, visit Small Business Assistance Grant.
