Hagerstown Receives $150,000 State Grant to Provide Low-Interest Loans to Businesses

Agency - Department of Business and Economic Development

Maryland Gov. Martin O’Malley announces that the city of Hagerstown will receive a $150,000 state grant through the Department of Business and Economic Development.

The grant is meant to provide businesses low-interest loans to redevelop abandoned buildings and areas within the city. The grant will be consumed into the Hagerstown Revolving Loan Fund. The city will also match the grants with $75,000 in funds.



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Programs that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of a community or neighborhood and improving the quality of life for all. Community Building; Community Capacity Building; Community Development and Improvement; Community Development Block Grants; Healthy Communities Community Economic Development Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones

Other Community Economic Development Grant News

Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones