On Wednesday, May 29, the Anne Arundel Economic Development Corporation will officially unveil its new small business loan fund and introduce the owners of Brick House, LLC, the fund’s first loan recipient. The event follows last month’s approval by Maryland’s Board of Public Works designating AAEDC as a manager of the state’s small and minority and woman-owned business loan fund responsible for the investment of $3.36 million to small businesses around the state. The loan fund receives 1.5 percent of video lottery terminal revenue from Maryland casinos.
As mandated by the state, half of the fund’s investment will be targeted to small and minority and women-owned businesses located within a ten mile radius of Maryland’s three existing casinos, Maryland Live in Anne Arundel County, Hollywood Park in Cecil County and Ocean Downs in Worcester County. The other half will be available to small businesses located outside those target areas.
State and county leaders and members of the business, banking and economic development community are expected to be on hand to welcome Brick House to Anne Arundel County.
WHAT: Official Kick-off of Anne Arundel Economic Development Corporation’s small and minority and women-owned business loan program
WHEN: Wednesday, May 29, 2013, 1:00 p.m.
WHERE: Conte Office Park, 129 Lubrano Drive (rear entrance), Annapolis, MD 21401
INFORMATION: A tour of Brick House’s learning center will be available after the press conference. To RSVP:http://events.constantcontact.com/register/event?llr=qtvhwxlab&oeidk=a07e7hlnka992044041
Nice program. The question become how does a business apply and what are the basic requirements. And, what level (amount) can a small business expect from a business loan from this funds? - Business Money Today - http://www.businessmoneytoday.com/
ReplyDeleteAn important area of handling particular publicity via company business loans debt is to try to produce a quality company credit rating as soon as possible.
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