Resources and Tools
by Kristen E. Humphrey, MLA, Local Assistance and Training Planner
Starting September 8, 2021, the Maryland Department of Housing and Community Development (DHCD) is accepting applications for two types of grants designed to assist Maryland businesses that plan to open or expand into previously vacant spaces.
Project Restore will provide $25 million to fill vacant retail and commercial buildings and support business investment, job creation, and economic growth in Maryland’s communities. Through Project Restore, eligible business owners can apply for a Rental Assistance Grant or a Business Operations Grant. So, whether new or growing, businesses seeking to utilize vacant properties may qualify for help with rent payments and operating costs in their first year!
DHCD has posted the “Notice of Funding Availability” online, and a sample application will be posted in the coming weeks. The online application portal is projected to open a preview of the application on Wednesday, September 8 at 12:00 pm.
For questions, contact email@example.com.