The Maryland Department of Housing and Community Development (DHCD) is administering $25 million to provide financial support to Maryland’s new or expanding businesses to help incentivize commercial investment in vacant retail and commercial properties.
Project Restore will provide two grant opportunities for businesses that plan on opening or expanding into previously vacant spaces:
Rental Assistance Grant: up to $30,000 for 1 year for qualified small businesses
Business Operations Grant: up to $250,000 per year, for 1 or 2 years, for qualified businesses
This NOFA pertains to the funding allocation for Project Restore and provides a preview of the application which is projected to be available online on Wednesday, September 8 at 12:00 pm.
To be eligible to apply for either a Rental Assistance Grant and/or a Business Assistance Grant, a business must meet all of the following criteria:
For more information on this program visit: https://dhcd.maryland.gov/Pages/ProjectRestore/NOFA.aspx
For quickest response, please email questions to email@example.com.