{"id":9943,"date":"2019-10-30T13:41:19","date_gmt":"2019-10-30T17:41:19","guid":{"rendered":"http:\/\/news.maryland.gov\/dhcd\/?p=9943"},"modified":"2019-10-30T13:41:19","modified_gmt":"2019-10-30T17:41:19","slug":"governor-hogan-announces-40-million-in-support-to-new-and-expanding-small-businesses","status":"publish","type":"post","link":"https:\/\/news.maryland.gov\/dhcd\/2019\/10\/30\/governor-hogan-announces-40-million-in-support-to-new-and-expanding-small-businesses\/","title":{"rendered":"Governor Hogan Announces $40 Million in Support to New and Expanding Small Businesses"},"content":{"rendered":"<p style=\"text-align: center\"><b>Governor Hogan Announces $40 Million in Support to New and Expanding Small Businesses<\/b><\/p>\n<p style=\"text-align: center\"><i><span style=\"font-weight: 400\">Neighborhood BusinessWorks Lending Program Hits Milestone With Loan to Ministry of Brewing in Baltimore City<\/span><\/i><\/p>\n<p><iframe loading=\"lazy\" title=\"Neighborhood BusinessWorks Milestone\" width=\"980\" height=\"551\" src=\"https:\/\/www.youtube.com\/embed\/VRwLS5x5VI8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400\">For immediate release:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">October 30, 2019<\/span><\/p>\n<p><b>ANNAPOLIS, MD<\/b><span style=\"font-weight: 400\">\u2014Governor Larry Hogan today announced that the State of Maryland has surpassed the milestone of more than $40 million in lending to over 170 small businesses through the Maryland Department of Housing and Community Development\u2019s Neighborhood BusinessWorks program since January 2015. Neighborhood BusinessWorks provides gap financing to new and expanding small businesses located in Priority Funding Areas and Opportunity Zones across the state.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cSmall businesses are the backbone of our economy, and helping small business owners succeed is a priority,\u201d said Governor Hogan. \u201cThrough Neighborhood BusinessWorks, we are able to help great ideas become actual, brick-and-mortar businesses that contribute to the economic development of Maryland\u2019s great cities and towns.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The program achieved the milestone this summer through a loan to Ministry of Brewing. The project involves converting a desanctified former church in Southeast Baltimore into a 15,000-square-foot brewpub. The brewery is expected to open later this year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Neighborhood BusinessWorks was also instrumental in aiding small business recovery following the 2016 and 2018 historic flooding in Ellicott City. Other recent loans have assisted biotechnology companies, restaurants, and retail establishments.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe have been aggressively growing the Neighborhood BusinessWorks program over the last few years,\u201d said Housing Secretary Kenneth C. Holt. \u201cPrior to 2015, the department was helping on average just about a dozen businesses a year; we have nearly tripled that and will continue to work to help small businesses and create more jobs.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">For more information about Neighborhood BusinessWorks, including information on how small businesses can apply, visit <\/span><a href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAxOTEwMzAuMTIyMjExMDEiLCJ1cmwiOiJodHRwczovL2RoY2QubWFyeWxhbmQuZ292L0J1c2luZXNzLyJ9.sTp1uKhbiFS_rKHY1C2CFjsdv9TB-lKjxPivko5OoE0\/br\/70718138752-l\"><span style=\"font-weight: 400\">https:\/\/dhcd.maryland.gov\/Business\/<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">-###-<\/span><\/p>\n<p><span style=\"font-weight: 400\">MEDIA CONTACTS:<\/span><\/p>\n<p><span style=\"font-weight: 400\">Owen McEvoy, Director of the Office of Public Information, owen.mcevoy@maryland.gov, 443-679-7653<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sara Luell, Director of Communications, sara.luell@maryland.gov, 301-429-7803<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor Hogan Announces $40 Million in Support to New and Expanding Small Businesses Neighborhood BusinessWorks Lending Program Hits Milestone With Loan to Ministry of Brewing in Baltimore City For immediate release:\u00a0 October 30, 2019 ANNAPOLIS, MD\u2014Governor Larry Hogan today announced that the State of Maryland has surpassed the milestone of more than $40 million in<a href=\"https:\/\/news.maryland.gov\/dhcd\/2019\/10\/30\/governor-hogan-announces-40-million-in-support-to-new-and-expanding-small-businesses\/\">&nbsp;&nbsp;Read the Rest&#8230;<\/a><\/p>\n","protected":false},"author":128,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[46,25,33,28],"tags":[],"class_list":["post-9943","post","type-post","status-publish","format-standard","hentry","category-governor-hogan","category-neighborhood-businessworks","category-press-releases","category-small-business-development"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/posts\/9943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/users\/128"}],"replies":[{"embeddable":true,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/comments?post=9943"}],"version-history":[{"count":1,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/posts\/9943\/revisions"}],"predecessor-version":[{"id":9945,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/posts\/9943\/revisions\/9945"}],"wp:attachment":[{"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/media?parent=9943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/categories?post=9943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/tags?post=9943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}