Baltimore | Resource Providers

Meet the organizations supporting entrepreneurs in Baltimore

Maryland Department of Commerce

As the state's primary economic development agency, we stimulate private investment and create jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies. Commerce also promotes the state's many commercial advantages and its outstanding quality of life to spur economic development, international investment, trade and tourism.

Resources in Baltimore

Funding
Maryland Small Business Development Financing Authority (MSBDFA)

MSBDFA promotes the viability and expansion of businesses owned by economically and socially disadvantaged entrepreneurs. MSBDFA uses include working capital, supplies and materials, machinery and equ…

Startups
Small Biz
Nonprofits
Stages:
Mature, Growth, Established
Industry:
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Funding
Hire Our Veterans Tax Credit

​​​​​​​​This program provides a State income tax credit to small businesses for hiring qualified veterans based on wages paid to those veteran employees.…

Startups
Small Biz
Nonprofits
Stages:
Early, Established, Mature, Growth
Industry:
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Incubator
ADVANCE Maryland

ADVANCE Maryland is a fast, targeted, virtual service designed to provide significant, sophisticated, technical research assistance to qualified second-stage growth companies with the intent and capac…

Startups
Small Biz
Nonprofits
Stages:
Mature, Growth
Industry:
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Funding
Advantage Maryland

Advantage Maryland (also known as MEDAAF) funds grants, loans and investments to support economic development initiatives. Uses include business attraction and retention, infrastructure support, brown…

Startups
Small Biz
Nonprofits
Stages:
Mature, Growth
Industry:
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Funding
Maryland E-Nnovation Initiative Fund (MEIF)

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The Maryland E-Nnovation Initiative Fund (MEIF), administered by the Maryland Department of Commerce, offers a state match to private funds raised in support of endo…

Startups
Small Biz
Nonprofits
Stages:
Mature, Growth
Industry:

Higher Education

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Funding
Maryland Economic Adjustment Fund (MEAF)

MEAF assists small businesses with upgrading manufacturing operations, developing commercial applications for technology, or entering into and competing in new economic markets.…

Startups
Small Biz
Nonprofits
Stages:
Mature, Growth
Industry:

Construction, Technology, Manufacturing, Consumer Services, Industrial Services, Pipeline Services

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Funding
Maryland Momentum Fund

The Maryland Momentum Fund is a newly-created mechanism for investing in promising early stage companies associated with the University System of Maryland (USM). Maryland-based companies that are seek…

Startups
Small Biz
Nonprofits
Stages:
Early, Established, Mature
Industry:
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Other
Maryland Technology Internship Program

The Maryland Technology Internship Program (MTIP) helps Maryland retain top talent by increasing the number of paid technical internships offered in the state.Administered by UMBC and funded by the …

Startups
Small Biz
Nonprofits
Stages:
Early, Established, Mature
Industry:

Technology

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Funding
Small Business Relief Tax Credit

The Small Business Relief Tax Credit is a refundable tax credit available to small businesses that provide their employees with paid sick and safe leave.

Startups
Small Biz
Nonprofits
Stages:
Established, Growth, Mature
Industry:
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Funding
More Jobs for Marylanders Incentive Program

More Jobs for Marylanders, promotes the growth of manufacturing in Maryland by providing tax incentives for manufacturing job creation, encourages manufacturers to invest in new equipment...

Startups
Small Biz
Nonprofits
Stages:
Established, Mature, Growth
Industry:

Manufacturing

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Funding
The Baltimore Fund

Goal: Locate and develop companies affiliated with Maryland Public Higher Education Institutions (PHEI) in Baltimore City.Initiatives:1. Provide rent subsidies to early-stage companies affiliated w…

Startups
Small Biz
Nonprofits
Stages:
Early, Established
Industry:
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Funding
ExportMD

​​​​The ExportMD Program helps to offset some of the costs of marketing internationally for Maryland's small and mid-sized companies. …

Startups
Small Biz
Nonprofits
Stages:
Established, Mature, Growth
Industry:
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Funding
Maryland Nonprofit Development Center Program and Fund (NIMBL)

This interest-free, micro bridge loan program and fund supports the operations of nonprofit entities. The program is administered by the Maryland Nonprofit Development Center and the Maryland Departme…

Startups
Small Biz
Nonprofits
Stages:
Established, Mature, Growth
Industry:
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Funding
Maryland Defense Cybersecurity Assistance Program

The Maryland Defense Cybersecurity Assistance Program (DCAP) provides funding and assistance for Defense Contractors to comply with the DFARS and NIST 800-171 Standards for cybersecurity. The program …

Startups
Small Biz
Nonprofits
Stages:
Established, Mature
Industry:

Defense, Cybersecurity

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Other
Maryland Defense Diversification Assistance Program (MDDA)

The Maryland Defense Diversification Assistance Program provides training and services to help eligible defense-dependent companies grow their businesses, increase profits and find new opportunities. …

Startups
Small Biz
Nonprofits
Stages:
Mature, Growth, Established
Industry:

Defense

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Funding
Military Personnel and Veteran-owned Small Business Loan Program (MPVSBLP)

MPVSBLP provides no interest loans of up to $50,000, from one to eight years, for businesses owned by military reservists, veterans, National Guard personnel and for small businesses that employ or ar…

Startups
Small Biz
Nonprofits
Stages:
Early, Established, Mature
Industry:
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Funding
Partnership for Workforce Quality (PWQ)

PWQ provides matching training grants and support services targeted to improve the competitive position of small and mid-sized manufacturing and technology companies. Grants are used to increase the s…

Startups
Small Biz
Nonprofits
Stages:
Established, Mature, Growth
Industry:

Manufacturing, Technology

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Funding
Research and Development Tax Credit (R&D)

Businesses that have qualified R&D expenditures in Maryland may qualify for two state income tax credits, the Basic R&D Tax Credit and the Growth R&D Tax Credit.The tax credit remains in effect unti…

Startups
Small Biz
Nonprofits
Stages:
Early, Established, Mature
Industry:
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Funding
Enterprise Zone Tax Credit (EZ)

The EZ program provides real property and state income tax credits for businesses located in a Maryland enterprise zone in return for job creation and investments. Businesses located in Focus Areas ma…

Startups
Small Biz
Nonprofits
Stages:
Established, Mature, Growth
Industry:
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Funding
Job Creation Tax Credit (JCTC)

Businesses that create a minimum number of new full-time positions may be entitled to state income tax credits of up to $3,000 per job or $5,000 per job in a "revitalization area." BENEFITProvide a…

Startups
Small Biz
Nonprofits
Stages:
Unspecified
Industry:
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Other
Maryland Cybersecurity Asset Map

A geographic map of the cyber assets in Maryland …

Startups
Small Biz
Nonprofits
Stages:
All
Industry:

Cybersecurity

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At a Glance
Governmental

As the state's primary economic development agency, we stimulate private investment and create jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and pro…

Resources Provided:
Funding, Incubator, Other
Contact Them

401 E.Pratt Street, Baltimore, MD 21202

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