The City of Laurel Department of Economic and Community Development (Laurel ECD) will administer the Laurel Legacy Small Business Grant Program.
Donor Name: City of Laurel
State: Maryland
City: Laurel
Type of Grant: Grant
Deadline (mm/dd/yyyy): 07/01/2022
Size of the Grant: $5,000 and $50,000
Details:
The goals of this program include:
- To provide financial support to Laurel’s established businesses that have been negatively impacted by the COVID-19 pandemic
- To provide financial support to Laurel’s established businesses that need to make changes to their business operations due to the COVID-19 pandemic
- To support established businesses within the City of Laurel in order to proactively prevent vacancies due to the COVID-19 pandemic
Funding Information
The City will provide grants of between $5,000 and $50,000 to businesses that have been located within a property zoned in any of the commercial, office, or industrial within the incorporated boundaries of the City for at least the past five (5) years.
Eligibility Criteria
In order for a business to be eligible, it must have been located within the municipal boundaries of the City, with a valid City of Laurel Use and Occupancy permit, for five (5) or more continuous years.
Within that five (5)-year period, a business application may have changed its address, but it will still be eligible for this grant as long as all of the addresses were within the l municipal boundaries of the City, and as long as a valid City of Laurel Use and Occupancy permit was held for the entirety of the period.
Each business applicant must also be able to demonstrate how it was negatively impacted by the COVID-19 pandemic. This can be achieved in one or more of the following ways:
- The business is able to demonstrate a significant loss of revenue between March 3, 2021, and January 3, 2022, compared to the revenue of 2019
- The business is able to demonstrate a change in its business operations due to the COVID-19 pandemic that requires (or has required) operational and/or safety improvements
Ineligible Business Types or Persons
- Houses of Worship
- Banks and Financial Institutions
- Food Trucks
- Corporate-Owned Franchises
- Businesses in which City staff and/or elected officials of the City have a financial interest of at least 25%
Eligible Locations
- The business must be located within a property located within the municipal boundaries of the City and shall be able to prove that it has been at that location, or another location within the City limits, for at least the past five (5) years.
- The current location of the business must be on a property in any of the following zones:
- C-N – Commercial Neighborhood
- C-C – Commercial Community
- C-G – Commercial General
- C-SH – Commercial Shopping Center
- C-V – Commercial Village
- C-VAC – Commercial Village Activity Center
- O-B – Office Building
- O-B-E – Office Building
- I-CS – Industrial Commercial Services
- I-G – Industrial General
- I-RTP – Industrial Research and Technology Park
For more information, visit Legacy Business Grant Program.
