The Rural Maryland Economic Development Fund seeks to fund infrastructure projects that will support economic development activity, stimulate private investment, and grow jobs in the state’s rural counties.
Donor Name: Washington County
State: Maryland
Counties: Allegany County (MD), Garret County (MD), Washington County (MD)
Type of Grant: Grant
Deadline (mm/dd/yyyy): 07/26/2022
Grant Size: $10,000,000
Grant Duration: 24 months
Details:
The Maryland Department of Commerce will provide grant funds from the Fund for projects proposed by the state’s five tri-county councils which serve the rural regions of Maryland. The regional councils shall coordinate with the local jurisdictions within their regions to identify the priority projects to be included in the application. Counties may identify projects that benefit the entire region as an eligible use of funds.
Eligible uses include developing public infrastructure such as utilities, transportation, and broadband to support the attraction, retention or expansion of businesses, as well as infrastructure projects related to specific industry sectors such as, but not limited to, manufacturing, clean energy, life sciences, cybersecurity and agribusiness. In addition, funds can be used to purchase commercial/industrial properties for business parks or for attracting, expanding or retaining businesses. Funding can also be used for workforce development and stimulating entrepreneurship and innovation. Planning and feasibility studies are eligible, as well as capital and operational expenses.
Funding Information
- Maximum Amount Allowed – $10,000,000
- All grant funds must be expended within 24 months of the date of the grant award.
Eligibility Criteria
Must be located in Allegany, Garrett or Washington County, MD. Applicants eligible include local government entities, institutions of higher education, workforce development organizations and other not for-profit entities.
For more information, visit Washington County.