Rural Maryland Economic Development Fund Grants
Applications for the Rural Maryland Economic Development Fund have closed.
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.
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.
Ineligible uses include direct private sector incentive, subsidy, grants or loan and residential/housing projects. Granting land or buildings purchased or constructed with these funds to private sector entities is prohibited, however the sale or lease of these properties is permitted.
The Washington County Office of Grant Management will accept proposals for funding consideration through July 26, 2022 at 4:00 PM. The Project Summary Application and an Information sheet on the program are provided below. Please submit proposals and any questions to [email protected]
- Rural Maryland Economic Development Fund Project Summary Application
- Rural Maryland Economic Development Fund Information Sheet