Learn More about CDFI's and Small Business Resources in Maryland see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Baltimore Community Lending, Inc.
CDF Development, LLC
Charter Facilities Funding, LLC
Community Capitol of Maryland, Inc.
Community Development Ventures, Inc.
Development Credit Fund, Inc. (DCF)
Enterprise Foundation Inc., The
ESIC New Markets Partners, LP
Faith Fund, Inc.
First Combined Community Federal Credit Union
Harbor Bank of Maryland
Harbor Bankshares Corporation
Maryland Capital Enterprises, Inc.
Mid-City Community CDE, LLC
Native American Capital, LP (NAC)
Urban Research Park CDE, LLC
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.