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## Governor Wes Moore Unveils $10 Million Grant Initiative for Maryland Small Businesses

(Annapolis, MD) ÔÇöGovernor Wes Moore has unveiled a major initiative for small businesses across Maryland, announcing $10 million in grants aimed at boosting local economies. The funding, which is part of the Maryland Department of Housing and Community DevelopmentÔÇÖs Project Restore 2.0 and Business Boost grant programs, will assist in revitalizing vacant spaces in business corridors, provide financial assistance for small businesses, generate employment opportunities, and stimulate local economic activity.

Governor Moore emphasized the importance of working in partnership with the private sector to revitalize business districts, highlighting the grant funding as a crucial step in making Maryland more competitive and supportive of entrepreneurs.

### Project Restore 2.0: Revitalizing Main Streets and Business Districts

Project Restore 2.0 will allocate $8 million to designated Main Streets, Arts and Entertainment Districts, and other economic development organizations within Sustainable Communities. Eligible organizations will receive grants of up to $300,000 to identify priority vacant storefronts or buildings in local business districts. The funds will then be sub-granted to businesses for rental assistance, renovation, and equipment to activate these spaces. Businesses receiving sub-granted funds will have until December 2025 to open.

### Business Boost: Supporting New and Expanding Businesses

Business Boost is launching its first round of grant funding with $2 million directly awarded to eligible small business owners. Grants ranging from $20,000 to $50,000 will be given to businesses that are new or expanding and located in designated Sustainable Communities. Preference will be given to businesses that are home-based, Minority Business Enterprises, innovative, or leverage partnerships with education institutions.

### How AI legalese decoder Can Help

The AI legalese decoder can assist small businesses in navigating the application process for Project Restore 2.0 and Business Boost grants. By analyzing and simplifying the complex legal language often found in grant applications, the AI tool can help businesses understand the requirements and submit successful applications. This technology can streamline the grant process and increase the accessibility of funding opportunities for small businesses across Maryland.

Department of Housing and Community Development Secretary Jake Day highlighted the importance of these grants in growing Maryland communities’ economies and bringing life back to vacant storefronts. Applications for both Project Restore 2.0 and Business Boost will open on March 13, with more information available on the Maryland Department of Housing and Community Development website.

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