Areas Served: Harford County’s U.S.Route 40 Corridor, including the Edgewood/Joppa and Greater Aberdeen/Havre de Grace Enterprise Zones
The Office of Economic Development offers financial support to businesses of all sizes, and works closely with the business community to obtain traditional financing, venture capital and local, state and federal loans.
Financial programs are available for: – Site acquisition – Construction – Equipment Purchases – Leasehold Improvements – Redevelopment Assistance – Technology Development – Small Business Assistance Specific Financing Programs Include:
Industrial Revenue Bonds for Manufacturers and 501(c) (3) Organizations Tax exempt financing for the acquisition of land, buildings, and equipment IRB Bonds are sold to lending institutions, investors and the public IRB Purchaser determines fixed or floating interest rate.
Federal law limits the terms, amount and uses of financing
Economic Development Opportunity Fund Stimulates increased financing for new equipment and operations by complementing traditional lenders, state or federal funding programs.
Local and federal funds used to encourage investment, retention and job creation for working capital, equipment purchases, land or building improvements and purchases.
Maximum Loan amount is $100,000.
Enterprise Loan Fund Partnership between M&T Bank offers a 1/4% discount off standard interest rates to qualifying businesses to refurbish or develop commercial property.
Available to businesses located along Harford County’s U.S.Route 40 Corridor, including the Edgewood/Joppa and Greater Aberdeen/Havre de Grace Enterprise Zones.
Loan amounts range from $50,000 to $3,000,000.
Contact InformationHartford County Maryland Economic Development
Address: 220 South Main Street
City: Bel Air
State: Maryland
Website:
http://www.harfordbusiness.org/index.cfm?ID=85
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