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Montgomery County, Maryland PHEG Program: $20 Million Fund for Local Businesses, Nonprofits, Retail, and Restaurants

On March 31, 2020, Montgomery County, Maryland passed the Public Health Emergency Grant Program. The program entails the following: Public Health Emergency Grant Program: Application NOTE: PHEG will stop accepting applications at 5 p.m. on Saturday, April 25. This $20M loan fund offers grants to small businesses and nonprofits. Grants are up to $75,000 in […]
April 22, 2020

Grant and Loan Programs for Small Businesses and Nonprofits You Might Not Be Tracking

By now you are aware of the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP), small business programs set forth by the Small Business Administration (SBA). These programs have a set pool of funding available, which, due to high demand, Congress is looking to expand further in new stimulus bills. There is no […]
April 15, 2020

Maryland Commerce Department, Montgomery County, Prince George’s County, and District of Columbia Announce Disaster Recovery Loan Programs

This blog was updated as of 4/24/2020.  Montgomery County, MD On March 31, 2020, Montgomery County, Maryland passed the Public Health Emergency Grant Program. The program entails the following: Public Health Emergency Grant Program: Application PHEG will stop accepting applications at 5 p.m. on Saturday, April 25. This $20M loan fund offers grants to small […]
April 15, 2020

If Your Nonprofit is in Maryland, It May be Eligible to Apply for an Emergency Grant

Maryland has authorized a $50M COVID-19 Emergency Relief Grant Fund to provide working capital to Maryland nonprofits and small businesses. Nonprofits with 50 or fewer employees can apply for grants of up to $10,000 (but not more than three months of cash operating expenses). To be eligible to apply, the nonprofit needs to have employees […]
April 1, 2020

How Will Minimum Wage Increases Affect Your Restaurant or Hotel Business?

While recent changes to the minimum wage have had a big impact on the restaurant and hotel industries, business owners should be aware that we expect to see another wave of increases over the next couple of years.  Staying ahead of the curve and knowing when these changes are set to occur will greatly reduce […]
September 3, 2015

Maryland Cybersecurity Investment Tax Credit Signed Into Law

On May 2, 2013, Governor Martin O’Malley signed into law the Cybersecurity Investment Incentive Tax Credit.  The Governor proposed the credit earlier this year as part of his proposed FY 2014 budget.   The credit takes effect July 1, 2013, and applies to tax year 2014 through 2018. Based on Maryland’s biotechnology investment credit, the […]
May 13, 2013