City of Hagerstown CDBG Microenterprise Grant Program
This program provides financial support to small businesses in Hagerstown to create and retain jobs for low-to-moderate income individuals while revitalizing commercial spaces and promoting local economic growth.
City of Hagerstown CDBG Microenterprise Grant Program in Maryland aims to enhance employment opportunities for low-to-moderate income individuals. The program seeks to achieve this by supporting new job creation, job retention, and employment and job training services for low-to-moderate income residents, revitalizing vacant commercial spaces, and promoting business and commercial growth through stabilization and expansion.
Award Range
Not specified - $5,000
Total Program Funding
Not specified
Number of Awards
Not specified
Matching Requirement
No
Eligible Applicants
Additional Requirements
A business owner/business may qualify for the Microenterprise Grant Program if they meet the following eligibility criteria: Business must be located in the corporate boundaries of the City of Hagerstown; Businesses that qualify as a “roving” business (i.e. a mobile business that travels from client to client without a particular location) must have at least two-thirds of their business occur in the corporate boundaries of the City of Hagerstown; Business must have five (5) or fewer total employees including the owner(s) in order qualify as a Microenterprise. For the purposes of this program there is no distinction between a part-time and a full-time employee in the headcount for the business; Business must be a private, for-profit business; Business must be in good standing with the City and State of Maryland; Business must be in compliance with all applicable City of Hagerstown regulations including the Land Management Code; and, Business must be established and operating for at least 12 months at time of application Businesses that do not meet the above timeframe may still apply for funding, however, the applicant is required to submit a business plan and provide documentation of a consultation with a business counseling service (Small Business Development Council, SCORE, etc…) in addition to all other application requirements. Eligible Businesses Any business is eligible for this program as long as they meet the above criteria and qualify as a microenterprise. The following list of example eligible businesses is not exhaustive and meant to serve as a guide for who might be an eligible applicant: Barber shops or hair salons Restaurants Lawn-care services For more information, visit CDBG Microenterprise Grant.
Geographic Eligibility
City of Hagerstown
Application Opens
Not specified
Application Closes
Not specified
Grantor
City of Hagerstown
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