Salisbury Wicomico Economic Development Inc. launching new grant program

 

SALISBURY, Md. – Salisbury Wicomico Economic Development Inc. will be launching a new grant program Wednesday, July 1st. “We hope that gives a boost to the small business community, who really needs it the most, in this day and age,” said executive director David Ryan.

Ryan tells 47ABC that the grant application will be open to businesses with 25 employees or less. He says up to three months of operating expenses are offered – which can reach up to $10,000 depending on the business’s needs. “We will prioritize those that have not received any funding yet. So we encourage as many businesses who can to apply,” said Ryan.

SWED says that they could potentially help up to 600 businesses in Wicomico County. “We’re hoping to fund four, five, 600 businesses out there, up to $10,000 each. It’ll inject millions of dollars in to the local economy,” said Ryan.

Ryan says that economic recovery in the state starts with small businesses. “Small business is our community. That’s the backbone of our economy. We have 2,000 businesses in Wicomico County with less than 25 employees. That spirit – that connectivity – they’re our neighbors,” said Ryan.

The application is open to any small business that qualifies, and will be up until July 10th. Ryan says the program is not* first come first serve – and wants to help as many businesses as possible. “We’re trying to target as best we can those local businesses that have really been impacted the most. They’ve been forced to close their operations, at least if not totally, then partially closed. They’ve seen a significant loss of revenue,” said Ryan.

If you’d like to apply for the grant program – you can visit SWED’s website.

Categories: Business, Coronavirus, Local News, Maryland, Money