Baltimore Community Foundation (BCF), as partnership with the G8 Baltimore Committee (GBC) and three local community development institutions, the Francis Scott Key Bridge submitted a small grant program to ensure financial comfort in the collapse of the Key Bridge. BCF’s Maryland Tough Baltimore is a powerful Key Bridge Foundation, Southeast Baltimore City, Southeast Baltimore County and North Anne Arundel County prioritize businesses.
On February 18, the grant program opened for applications and the grant program on March 20 offers up to $ 10,000 to $ 50,000 to support and support long-term vitality. A 30-day review period will follow the application process.
“As the spine of our societies, small businesses in the effective communities have felt great financial tension since the collapse of the key bridge,” said BCF President and CEO Shanaysha Saulsha. “This program is designed to give them the work capital needed to contribute and contribute to the economic vitality of our region.”
Financing and background
The main bridge collapse was established within 48 hours, Maryland’s hard balmore strong Key Bridge Foundation won $ 16 million from national, regional and local businesses and individual donors. The fund has provided cash assistance to community programs that support Baltimore employees, charitable organizations and affected. The most recent phase is in the focus of to direct small business support.
“The collapse of the Francis Scott Key Bridge 26 March 2024 Had a significant impact on small businesses in affected areas Baltimore city, Baltimore Countyand Anne Arundel County“Said GBC President and CEO Mark Anthony Thomas.” Today’s Key Bridge will be instrumental to create a small grant program, small businesses in the center of a strong regional economy and support for small businesses and healthy commercial corridors. “
The process of compliance and application
The appropriate enterprises must demonstrate financial impact on the collapse of the bridge and meet the following criteria:
- Southeast Baltimore City, Southeast Baltimore County or North Anne Arundel County.
- On March 26, 2024, at least two years in the year, the annual income of the previous year in at least two years.
- Give 2023 savings and loss statement, 2024 balance sheet and 2024 profit and loss report.
- Use at least two people including owner (s).
Enterprises must apply through recommended partners organizations that will help entrants in English and Spanish:
- Anne Arundel County Economic Development Corporation (AAEDC) – For Anne Arundel County Enterprises.
- Baltimore Community Loans (BCL) – For businesses in Baltimore.
- Latino Economic Development Center (LEDC) – For Baltimore County Enterprises.
Support for small businesses
In addition to direct grants, the BCF continues to support small business development with other financing initiatives. In September 2024, BCF and GBC have launched a technical assistance program to help increase small enterprises. It is recommended to apply for funding for non-profit organizations bcf.org/keybridgesmusiness.
Governor Wes Moore, “Maryland,” he said, always praised the mission, always moving. After the main bridge collapse, we worked in partnership with public and private sectors and government levels to protect and raise our small enterprises and small enterprises. And today, we take another step in our commitment to this collateral. “
BCF.org/keybridge-directron-smallbiz for more information on a small business direct grant program and application details.