Prince George's County Economic Development Corporation Supports The Launch Of Prince George's County Small Business Support Program
Program Offers $500,000 in grant opportunities powered by PNC Foundation and the Greater Washington Community Foundation
Largo, MD - Prince George's County Economic Development Corporation (PGCEDC) leadership and staff supported the launch of the Prince George's County Small Business Support Program powered by PNC. The program provides small businesses in Prince George's County funding opportunities through their eligibility to apply for up to $20,000 in available grants.
This new program will provide $500,000 in grants and technical assistance to small businesses operating along the Blue and Purple Line corridors, giving them greater opportunities to harness the economic benefits of development in the region.
"The Prince George's County Small Business Support Program is yet another resource that provides county-based businesses with the tools for expansion," said Andre Plummer, Financial Services Programs Manager, PGCEDC. "This is an extension of the County's Strategic Plan that supports innovation and entrepreneurship across industry clusters connecting Prince George's County residents with economic opportunities."
The funds were provided by PNC Financial Services Group Inc.'s PNC Foundation, and the Greater Washington Community Foundation (GWCF) will administer the grant program. GWCF will award 25 grants of $20,000 each plus technical assistance to businesses that apply between April 15 and May 13. The funds can be used for payroll, rent, utilities, marketing, technology, relocation services, capital improvements, etc.
Businesses must have ten or fewer employees and have been operating in the target areas for at least three years to be eligible for the grants. To be approved, applicants must show financial need, compliance with regulations, prospects for growth, and a positive community impact.
Designed in conjunction with several leading business groups in the county, including LISC, Prince George's Chamber of Commerce, Purple Line Coalition, FSC First, Bowie BIC, and PGCEDC, it will support the growth and sustainability of small businesses as key employers and economic drivers in the county.
About Prince George's County Economic Development Corporation
PGCEDC's mission is to cultivate and promote a strong local economy that supports the growth and prosperity of entrepreneurs and businesses, dedicated to strengthening communities through business development and job creation. For more information about the services the Economic Development Corporation provides to local companies, visit www.pgcedc.com.
Media Contact:
Rhett Butler
Marketing & Communications Manager, PGCEDC
240-427-7926
rbutler@co.pg.md.us
https://pgcedc.com