The City of Laurel Department of Economic and Community Development (Laurel ECD) will administer the Laurel Thrive Small Business Grant Program.
Donor Name: City of Laurel
State: Maryland
City: Laurel
Type of Grant: Grant
Deadline: All Time
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The grant will provide a new business with the ability to grow, expand, hire and develop their company.
The goals of this program include:
- To provide financial support to new businesses
- To spur Economic Development to the City of Laurel
- To create additional jobs for City of Laurel residents
- To foster entrepreneurship and expand opportunities for new businesses.
Funding Information
- This Program will award grants in the amount of $10,000 to businesses owners that will be located within the City of Laurel. Business owners that have received funding from the City of Laurel within the last five (5) years are excluded from this grant.
- The City will provide grants of $10,000 to businesses that have been located within an approved zone within the incorporated boundaries of the City and that have opened between July 1, 2024, and June 30, 2025.
Uses of funds
- Utility improvements that are required due to safety, efficiency, or changes in business operations
- Equipment and equipment installation costs required for the business due to safety, efficiency, or changes in business operations
- Point of Sale systems and accessories that are required due to safety, efficiency, or changes in business operations
- Office equipment, computers, and software that are required due to safety, efficiency, or changes in business operations (examples: laptops, monitors, printers, video conferencing membership)
- Interior remodeling of the commercial, office, or industrial business location (e.g. painting, lighting, flooring, bathroom renovation)
- Exterior signage
- Window signage
- Exterior awnings and canopies
- Exterior renovations, except those explicitly stated under
- Furniture
- Security systems
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 between July 1, 2024, and June 30, 2025.
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.
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.
Additional Eligibility Requirements
- The business shall have a current and valid City of Laurel Use and Occupancy permit
- The business shall be in good standing with the State of Maryland
- The business, all business owners, and the property owner must be current on all City, County, State, and Federal tax payments
- If the Applicant is not the property owner, the Applicant shall have owner sign off on the grant application.
- The business shall have a current business plan.
For more information, visit City of Laurel.
