ACCESS GRANTED is a grant initiative aimed at supporting and empowering small minority and/or women-owned businesses in Frederick, Maryland. The program targets both start-ups and established businesses needing capital for specific projects that will promote business growth. The City of Frederick has allocated $400,000 for these grants, as part of the American Rescue Plan Act's State and Local Fiscal Recovery Funds (ARPA-SLFRF). Eligible businesses can apply for up to $40,000 to cover project costs such as equipment, renovations, inventory, professional services, marketing, and more. The goal is to enhance revenue, profitability, and business opportunities without replacing lost revenues.
The application process for ACCESS GRANTED opens on July 15, 2024, and closes on August 12, 2024. Applications will be reviewed competitively, with awards distributed by early fall 2024. To be eligible, businesses must be registered for-profit entities in Maryland, in good standing, and have no more than 25 full-time equivalent employees. Preferences will be given to minority and women-owned businesses located within The City of Frederick. Award recipients must submit interim and final reports on the project's impact.
