(WBFF) — Governor Wes Moore. Senator Chris Van Hollen, Representative Steny Hoyer, and the U.S. Department of Treasury announced a $10 million federal grant awarded to the Maryland Technology Development Corporation to support small businesses in the community.
“Turning an idea into a job-creator takes time, money, and support. By working together across the state and federal levels, we are helping entrepreneurs and small business owners access all three. Maryland is grateful for the strong leadership of the Biden-Harris Administration, as we continue moving in partnership to make our state more competitive and leave no one behind,” Gov. Moore said.
This grant is part of the Biden-Harris Administration’s economic strategy called “The State Small Business Credit Initiative Investing in America Small Business Opportunity Program,” which aims to offer legal, accounting, and financial advisory services “to help small businesses build capacity and apply for loans or investments,” according to a press release.
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“The Biden-Harris Administration is committed to expanding access to capital for communities across the country and creating opportunities for entrepreneurs to grow their businesses in thriving sectors of our economy. With this federal funding, the Maryland Technology Development Corporation will be able to provide critical services to small businesses in the region to help them succeed,” U.S. Deputy Secretary of the Treasury Wally Adeyemo said.
According to U.S. Senator Chris Van Hollen, this $10 million investment will “connect our local entrepreneurs with these opportunities and boost the resources available for them to capitalize on this moment to innovate and compete.”
