If you’re looking for business grant opportunities in Worcester County, MD you’re in luck! Worcester County Economic Development stays up to date on all of the great opportunities for funding for all kinds of organizations in our coastal towns including Ocean City, Berlin, Snow Hill, Pocomoke, and more.
Driving Small Business Forward Grant
Progressive Insurance offers this small business grant to fund a commercial vehicle for 10 Black-owned small businesses! The number one commercial auto insurer in the US created this initiative to alleviate the challenges entrepreneurs may face in gaining capital.
Video Lottery Terminal Fund (VLT)
Did you know that you can get funding from your business through slot machines? It’s true! In the State of Maryland, six participating casinos contribute proceeds from their video lottery terminals (slots) to add to their VLT Fund. These are set up for small and minority or women-owned businesses to apply for. Find one in your area.
The Maryland Agricultural Education and Rural Development Assistance Fund (MAERDAF)
The MAERDAF supports rural nonprofit service providers by giving capacity-building funds.
The application process includes two phases starting with a letter of intent and then an invitation to phase two. The grant program’s cap is $45,000 without a match necessary but it is recommended.
The Rural Maryland Prosperity Investment Fund (RMPIF)
Similar to the MAERDAF, the Rural Maryland Prosperity Investment Fund has a two-phase application process. The RMPIF supports the Rural Maryland Council, rural entrepreneurship development, rural infrastructure projects, and rural healthcare organizations. This funding requires a match. 75% will be matched for infrastructure, 50% will be matched for healthcare, and 25% will be matched for entrepreneurship.
Rural Maryland Council (RMC) Grant Information Sessions
If you’re looking for more information about grants available in the state of Maryland and Worcester County, especially for rural businesses, join the FY2023 grant information sessions or check out the session recordings from the Rural Maryland Council.
At Worcester County Economic Development, we’re here to help support you and your local business in any way we can. View extra resources we have and reach out with any questions!
