Project Grant SBAHQ24PR0012

Award Date 9/30/24
Completion Date 9/29/25
Dollars Obligated $300K
Funding Federal Agency
Office of Capital Access
Federal Grant Program
59.050
Assistance Type
Project Grant
Place of Performance
Salisbury, MD, USA
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The U.S. Small Business Administration (SBA) awarded a $300,000 Project Grant under the Program for Investment in Microenterprises (PRIME) (CFDA 59.050) to Maryland Capital Enterprises, Inc., a nonprofit community development corporation, for the period of September 30, 2024 to September 29, 2025.

The grant funding will enable Maryland Capital Enterprises to provide training, technical assistance, and capacity-building services to support the development and growth of microenterprises, particularly those owned by women, minorities, and low-income entrepreneurs in underserved communities across Maryland. Key services to be delivered include direct microloans up to $50,000, entrepreneurial training, business counseling, and other support aimed at removing barriers to accessing capital and management resources for small business owners.

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