Thursday, April 18, 2024

Grant Opportunity: Prince Georges County, Maryland. Total grant funds available through this RFP is $350,00


Greater Washington Community Foundation issues RFP for Prince George’s County Small Business Support program

Established in 1973, the Greater Washington Community Foundation aims to lead, mobilize, and ignite the power of philanthropy to build a racially equitable, just, and thriving District of Columbia region where everyone prospers.  

The foundation has issued a request for proposals to support the growth and sustainability of small businesses in Maryland’s Prince George’s County. In collaboration with PNC, this program will support existing small businesses and position them to harness the economic benefits of development happening along the Purple Line and Blue Line corridors. 

Small businesses along the Purple Line and Blue Line corridors in Prince George’s County face significant challenges while these transformational infrastructure projects are under development. Due to disruptions caused by construction as well as the ongoing effects of the pandemic, businesses require increased access to resources and support for operational costs, technical upgrades, and other assistance to retain and grow their customer base and workforce.

This program will provide immediate support in the form of grants and technical assistance, with the overall goals of fostering economic mobility among entrepreneurs and enhancing access to services and jobs for residents. The foundation will award grants of up to $20,000 to up to 20 small businesses in the county. Funding may be used to help participants cover operational costs, technical assistance, technology, or capital improvements. Total grant funds available through this RFP is $350,000.

To be eligible, applicants must have a physical location within the target corridors in Prince George’s County, have 10 or fewer total employees, have under $5 million in annual gross revenue during the most recently concluded tax year, currently be in operation and have been in operation for a minimum of three years prior to application, be organized as a for-profit entity with one of the following entity types: sole proprietorship, LLC, S-Corp, C-Corp, partnership, and must be a legally registered entity in good standing with all necessary county and state licenses and permits.

For complete program guidelines and application instructions, see the Greater Washington Community Foundation website.

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