Maryland Announces More than $1 Million in Microgrants to OZ Businesses
The Maryland Department of Housing and Community Development last week announced more than $1 million in grant awards to investments in the state’s opportunity zones (OZs). Microgrants ranging from $50,000 to $100,000 were awarded to 12 businesses located in OZs. Those businesses employ between two and 50 full-time employees and generate annual revenue of $300,000 to $5 million. This is the third round of microgrants.
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