City of Frederick Small Minority and Women Owned Businesses in Maryland

The "Access Granted" initiative by the City of Frederick is a grant program designed to bolster small minority and/or women-owned businesses. This initiative aligns with a broader mission to cultivate a supportive and inclusive business environment, enabling local entrepreneurs to achieve their full potential. The program's core objective is to provide crucial financial assistance, specifically capital for defined projects that will drive business growth, thereby contributing to the economic vitality of the city. The primary beneficiaries of the "Access Granted" program are small minority and/or women-owned businesses, including both startups and established enterprises. To be eligible, businesses must be registered for-profit entities, in good standing with the state of Maryland, and employ no more than 25 full-time equivalent employees. The program prioritizes businesses that are physically located within The City of Frederick limits, ensuring that the financial assistance directly benefits the local economy and community. The program's priorities and focuses are clear: to empower underrepresented business owners by providing them with the necessary capital to expand and succeed. The City of Frederick has earmarked $400,000 for this new grant program, demonstrating a tangible commitment to these businesses. This funding is intended to be deployed as grants ranging from $100,000 to $500,000, offering substantial support for growth-oriented projects. Expected outcomes include the sustained growth and increased viability of participating businesses, leading to job creation and economic development within Frederick. By fostering a more inclusive business landscape, the city anticipates a ripple effect of increased innovation and community prosperity. The measurable results will be evident in the successful implementation of business projects, the expansion of businesses, and the overall strengthening of the local entrepreneurial ecosystem, particularly among minority and women-owned enterprises.