American Rescue Plan: Major $10 Million Investment in Maryland's Small Business Opportunity Program
Tuesday, 10 September 2024, 13:39
Overview of the American Rescue Plan Funding
In a historic move, Maryland has become the first state to secure funding under the federal Small Business Opportunity Program, unveiling a $10 million grant that is poised to drive growth among underserved small businesses.
Key Players in the Initiative
- Gov. Wes Moore - Leading the charge for small business support.
- TEDCO - Providing crucial resources for business development.
- University of Maryland College Park - Contributing academic resources to strengthen the program.
- Wally Adeyemo - Deputy Secretary of the Treasury offering federal backing.
- Troy Lamaile-Stovall - Spearheading innovative solutions to enhance business guidance.
Goals of the Small Business Opportunity Program
- To foster economic growth in underserved communities.
- To develop a business resource information development and guidance ecosystem.
- To empower local entrepreneurs through targeted resources.
As this program unfolds, it promises to reshape the landscape of small businesses in Maryland, paving the way for innovation and sustainability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.