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Mayor Young Announces Additional $2 Million Dollar in Funds for Baltimore’s Small Businesses

BALTIMORE, MD — Today, Mayor Bernard C. “Jack” Young announced an additional $2million in funds to provide financial assistance to small businesses. Last Spring, Mayor Young and the Baltimore Development Corporation (BDC) announced a Small Business Recovery Initiative, which included a $3.5 million Small Business Assistance grant fund.

“Baltimore’s small businesses have been agile in their response to COVID-19, and we must not relent in our efforts to assist our small businesses during this time.” Mayor Young said. “The Small Business Assistance Fund, administered by BDC, has helped businesses throughout our City and these additional resources will address ongoing operational challenges as we continue to fight the global pandemic.”

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