$400,000 Grant Program Launched To Support Minority And Women-Owned Businesses

Access to capital has long been a significant hurdle for minority and women-owned small businesses. To help overcome this obstacle, the city of Frederick, Maryland, has introduced a new grant program that offers $400,000 in total funding. This initiative is designed to provide much-needed capital to both start-up and established businesses, supporting their growth and development. Eligible businesses can apply for grants of up to $40,000. The city has announced that preference will be given to firms located within city limits, as well as minority and women-owned businesses. This program...