Prince George's County Economic Development Corporation Receives a $25,000 Grant from Truist Bank to Support Small Businesses
PGCEDC continues is stellar track record of grant awarding to fund programs across various business industry sectors
Largo, MD - Prince George's County Economic Development Corporation (PGCEDC) is pleased to announce that it has received a $25,000 grant from Truist Bank to support small businesses in Prince George's County. The grant will be used to fund the new Catalyst 360 program, which will provide support to tenants of PGCEDC's in-house incubator, Innovation Station Business Incubator (ISBI) beginning in July 2024.
In addition to the Catalyst 360 program, the grant will also be used to continue current programs like the Entrepreneurs and Experts in Residence program, which is currently facilitated within ISBI. The grant will also provide monetary awards to help ISBI's incubator business tenants, with three awards of $1,000 each.
The successful acquisition of this grant was made possible by the dedicated efforts of the PGCEDC Executive Vice President, Ebony Stocks, who led the grant team. Her instrumental role in securing funding for PGCEDC from the American Rescue Plan Act (ARPA) is a testament to her commitment to the economic development of Prince George's County. The ARPA funding has paved the way for the Grow Prince George's umbrella of programs, which provides support for small businesses in Prince George's County by industry sector.
"We are incredibly grateful to Truist Bank for their generous grant, which will allow us to continue supporting small businesses in Prince George's County," said Ebony Stocks, Executive Vice President of PGCEDC. "The upcoming Catalyst 360 program and the Entrepreneurs and Experts in Residence program are vital resources for our incubator tenants, and this grant will help us to expand and enhance these initiatives. We are committed to fostering economic growth and development in our community, and this grant brings us one step closer to achieving that goal."
PGCEDC is dedicated to promoting and supporting economic development in Prince George's County, and the grant from Truist Bank will help to further that mission. PGCEDC looks forward to using the funds to provide valuable resources and support to small businesses in the community.
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