The Business Development Grant Program promotes economic development aimed at creating new job opportunities, filling vacant store fronts, and encouraging diversification, additional private sector investment and in-fill business development.
Donor Name: Town of Perryville
State: Maryland
County: Cecil County (MD)
Town: Perryville
Type of Grant: Grant
Deadline: 09/01/2023
Details:
This program will provide existing and new small businesses with funds necessary to meet operational needs and remain financially viable.
Uses of funds
Eligible use of funds: building improvements, purchase of machinery, equipment, furniture, fixtures, inventory, the purchase or leasing of property, advertising campaigns, and other costs associated with opening or expanding a business.
Eligibility Criteria
- Applicant must be a new/existing business owner within the corporate limits of the Town of Perryville. If applicant is not the property owner (i.e. tenant), written permission must be given by property owner for building improvement application requests.
- Applicant and property must not have any current zoning or other Code violations and be in good standing (current on all monies owed, such as, but not limited to, taxes, water & sewer bills, trader’s license) with the Town of Perryville, Cecil County and the State of Maryland.
- Business must be located in the following zoning districts: Neighborhood Business (NB), Town Center (TC), Highway Commercial (C2), Residential Marine (RM), Commercial Maritime (CM-1 & 2). Eligibility within the R-1, R-2 and R-3 Residential districts shall be limited to existing businesses only.
- Applicants must be one of the following for profit entities: sole proprietor, partnership, corporation, cooperative or LLC.
- Business must remain open and in full operation for at least one year following the completion of the grant funded project (with the exception of those requesting advertising funds). Failure to do so may result in a recapture of grant funds.
For more information, visit Town of Perryville.