The Department of Housing and Community Development (DHCD) through the Neighborhood Business Works (NBW) program is offering up to $500,000 of Opportunity Zone Microgrant ranging from $25,000 to $100,000 to businesses that are expanding within an opportunity zone in Maryland. Applications will be accepted online starting May 25th, 2021, 12PM EST. Please check back to DHCD's website periodically for additional updates. The application round is projected to close on Tuesday, June 8, 2021 at 12PM EST.
Here is a link to the City of Hagerstown Opportunity Zone map to check if you are in an eligible location: https://www.hagerstownmd.org/1334/Opportunity-Zone
When the round is open, the application can be found at https://apps.dhcd.state.md.us/NBWOZGrant/account/login. All applicants will create an account to initiate an application, to make updates to their application, to check on the status of their application and to receive any communications related to their application.
For more information on this program visit: https://dhcd.maryland.gov/Business/Pages/OZ-Microgrant.aspx