Areas Served: Howard County
The Howard County Economic Development Authority offers several loan programs for businesses in Howard County, Maryland.
Catalyst Loan Program The purpose of the Howard County Catalyst Loan Program (“Program”) is to assist in the creation and growth of successful small emerging businesses located within Howard County.
The Howard County Economic Development Authority (“EDA”), through its Incentives Committee, is the entity responsible for approving applications for loans from the Program.
A loan application, in a form approved by the EDA, will be evaluated based on the following guidelines.
Economic Development Incentives Fund Howard County has created an Economic Development lncentive Fund which is funded by an issuer fee on tax exempt financing.
Monies from this fund are used as a matching requirement to obtain state funding.
Jim Rouse Entrepreneurial Fund JREF was established to help foster the development of new and growing businesses through education, mentoring and financing.
Loans of up to $100,000 are made to small or start-up businesses for expansion or start-up costs.
US Route 1 and US Route 40 Revitalization Loan Programs The Route 1 and Route 40 loan programs were established to encourage businesses to improve building and site conditions along both corridors.
The programs offer at or below prime rate financing through participating banks.
Contact InformationHoward County Economic Development Authority
Address: 6751 Columbia Gateway Drive
City: Columbia
State: Maryland
Website:
http://www.hceda.org
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