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September 13, 2013
The Dispatch/Maryland Coast Dispatch
Page 65
. . Business News
FROM PAGE 64
New Women-Owned Business Fund Created
SALISBURY – A new WomenOwned Business Loan Fund has been launched by Maryland Capital Enterprises, Inc. making small business loans from $5,000 to $50,000 available to businesses owned by women on the Eastern Shore of Maryland and the Baltimore/Annapolis area. Two prominent women in business have given their support to the Fund and volunteered to be honorary cochairs of the Fund's Advisory Committee. They are Mitzi Perdue, author, artist, public speaker, philanMITZI PERDUE thropist and widow of the late poultry magnate Frank Perdue, and Dr. Maya Rockeymoore Cummings, president and CEO of Global Policy Solutions and wife of U.S. Congressman Elijah Cummings (D-Maryland-7th). "I want to thank MCE for recognizing that women as entrepreneurs face challenges that may be holding them back from reaching their full potential," said Mitzi Perdue. "Whether it's a home business in DR. MAYA R. CUMMINGS your garage or the next latest gadget that we all won't be able to live without, this small loans are where it all begins." "I am so happy to be a part of this idea to provide access to capital for women who want to start their own businesses," said Cummings. "We know that these obstacles to start up funds can often deter young female entrepreneurs. MCE is filling a real need here in creating this fund." For more information or to inquire about a small business loan, contact MCE at 410-546-1900 or email info@marylandcapital.org.
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Facade Funds Available
OCEAN CITY – The Ocean City Development Corporation (OCDC) has been awarded facade funds from the Maryland Department of Housing & Community Development (DHCD) for exterior improvements and is accepting applications from downtown property owners and businesses. These grant funds are targeted for buildings within the designated area that are located south of 15th Street between the Boardwalk and the bay as well as properties along the west side of Philadelphia Ave. and both sides of St. Louis Avenue south of 17th Street. Boardwalk buildings are also eligible. Commercial and residential buildings are eligible, as well as buildings with a mix of uses (such as first floor retail and upper floor residential), seasonal employee housing and single family houses. The OCDC Facade Improvement Program can provide a grant up to one-third of the costs of exterior renovation. The maximum grant amount available to an applicant is $5,000. Contact the OCDC office at 410-289-7739 for more information.
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