News Flash

DCED

Posted on: August 24, 2021

Sample Application Live

Project Restore will provide two grant opportunities for businesses that plan on opening or expanding into previously vacant spaces:
  1. Rental Assistance Grant: up to $30,000 for 1 year for qualified small businesses 
  2. Business Operations Grant: up to $250,000 per year, for 1 or 2 years, for qualified businesses
The application is projected to be available online on Wednesday, September 8 at 12:00 pm.


Who's Eligible?
To be eligible to apply for either a Rental Assistance Grant and/or a Business Assistance Grant, a business must meet all of the following criteria:
  • May be a new or existing business, but business must be located in Maryland 
  • Business must be registered and in good standing with the Maryland Department of Assessments and Taxation (SDAT). 
  • Business must open or expand in a retail or commercial space that has been vacant at least 6 months prior to the date they submit their application. 
  • Financially viable business whose operations will continue forward


Click here for the sample application. 

For more information on this program visit: https://dhcd.maryland.gov/Pages/ProjectRestore/default.aspx 

Questions?
For quickest response, please email questions to dhcd.projectrestore@maryland.gov.


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