Guest feature: Andy DeVilbiss is with the Maryland Department of Housing and Community Development. Follow along with DHCD on Facebook and Twitter.
The Maryland Department of Housing and Community Development has launched a new promotional video series highlighting projects supported by the Neighborhood BusinessWorks program.
The new videos present testimonials from business owners and developers who received funding about their positive experiences with the program. Neighborhood BusinessWorks provides gap financing to small businesses located in Priority Funding Areas and Opportunity Zones across Maryland.
"Small businesses create jobs and contribute significantly to Maryland's positive economic growth. That's why one of Governor Larry Hogan's top priorities is establishing and fostering a business-friendly climate in our great state," said Maryland Department of Housing and Community Development Secretary Kenneth C. Holt.
"Since 2015, Neighborhood BusinessWorks has roughly tripled the amount of small businesses it assists on a yearly basis, and we hope these new videos educate and encourage new and expanding businesses to explore the program's flexible and proven financing."
Recently, Governor Hogan announced that Neighborhood BusinessWorks surpassed the milestone of more than $40 million in lending to over 170 small businesses since January 2015.