As the state's primary economic development agency, we stimulate private investment and create jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies.
The MSBDCN provides counseling and consulting services, as well as, training programs to prospective and current business owners in Maryland. Maryland maintains a network of Small Business Development Center satellite offices across the state, with headquarters in College Park.
Businesses in Maryland may be able to take advantage of several tax credits. Click the lick above for more information.
The Dingman Center is one of the nation’s pre-eminent institutions where the research, education and practice of entrepreneurship are pursued vigorously.
Neighborhood Business Works
Neighborhood Business Works loan program provides flexible financing to new or expanding small businesses and nonprofit organizations in Sustainable Communities and Priority Funding Areas throughout the state.
Maryland Small Business Development Financing Authority
MSBDFA promotes the viability and expansion of businesses owned by economically and socially disadvantaged entrepreneurs. MSBDFA uses include working capital, supplies and materials, machinery and equipment acquisition, land acquisition or real estate improvements.
Maryland Economic Development Assistance Authority and Fund
MEDAAF funds grants, loans and investments to support economic development initiatives. Uses include business attraction and retention, infrastructure support, brownfield redevelopment, arts and entertainment districts, daycare, revolving loan funds and local strategic planning.
Maryland Economic Adjustment Fund
MEAF assists small businesses with upgrading manufacturing operations, developing commercial applications for technology, or entering into and competing in new economic markets. Eligible businesses include manufacturers, wholesalers, service companies, and skilled trades.