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Grants to Maryland Small Businesses in Eligible
Areas for Financial Support During COVID-19

Laurel Smart Move Small Business Grant Program

Agency Type:

Local

Funding Source:

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City of Laurel Department of Economic and Community Development (Laurel ECD)

Deadline Date:

07/01/22 11:59 PM

Description:

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Grants of up to $15,000 to Maryland small businesses in eligible areas for financial support during the Coronavirus (COVID-19) pandemic. Funding is intended to support new or established businesses that are relocating or starting up in office, industrial, or commercial space within the City of Laurel incorporated boundaries.

The goals of the Laurel Smart Move Small Business Grant Program include:

  • To provide financial support to businesses that have been negatively impacted by the COVID-19 pandemic
  • To support new business startups in order to fill commercial, office, and industrial vacancies within the City of Laurel that are due to the COVID-19 pandemic

Use of Funds:

  • Lease payments for a commercial, office, or industrial location to be used as the primary business location
  • Moving costs (e.g. truck rental, professional movers)
  • Connection and transfer of new utility services
  • Installation costs of equipment required for the business (but not the equipment itself)
  • Interior remodeling of the new location (e.g. painting, lighting, flooring, bathroom renovation)
  • Exterior and window signage
  • Other moving incidentals
  • Professional, engineering, architectural, and permit fees

GrantWatch ID#:

GrantWatch ID#: 201502

Estimated Total Program Funding:

$200,000

Estimated Size of Grant:

This Program will award grants in the amount of $5,000 to $15,000.

Additional Eligibility Criteria:

In order for a business to be eligible it must fall into one of the following categories:
1. Startup - A new startup business
2. Relocate - A relocating business
3. Expand - An expanding business that is opening up an additional location

The business must also be able to demonstrate how the COVID-19 pandemic has caused the need for the startup, relocation, or expansion of the business. This can be achieved by one or more of the following ways:
1. The business is able to demonstrate a loss of revenue starting in March 2020 that necessitates the need to downsize to a smaller location or relocate to a location with lesser monthly lease expenses
2. The business is able to demonstrate a change in their business operations due to the COVID-19 pandemic that necessitates relocation
3. The business is able to demonstrate how the products or services that are offered are directly related to the COVID-19 pandemic
4. The commercial, office, or industrial location was unable to secure a tenant during the COVID-19 pandemic (March 2020 to current) or became vacant during the COVID-19 pandemic (March 2020 to current)

Eligible Locations:
- The business must be locating to a space within the City of Laurel incorporated boundaries
- The location must be zoned as one of the following:
-- C-N – Commercial Neighborhood
-- C-C – Commercial Community
-- C-G – Commercial General
-- C-SH – Commercial Shopping Center
-- C-V – Commercial Village
-- C-VAC – Commercial Village Activity Center
-- O-B – Office Building
-- O-B-E – Office Building
-- I-CS – Industrial Commercial Services
-- I-G – Industrial General
-- I-RTP – Industrial Research and Technology Park
- The business must have a current signed leasing contract or a letter of intent to lease the location for three (3) years at the time of application
- The business must have an official signed leasing contract for a period of three (3) years within 30 days of receiving a grant approval letter

For additional eligibility requirements, see the URL for Full Text link below.

Ineligible Business Types or Persons:
- Houses of Worship
- Banks and Financial Institutions
- Food Trucks
- Corporate-Owned Franchises
- Businesses in which City Staff and/or elected officials of the City have a financial interest of at least 25%

Ineligible Expenses:
- Exterior renovations
- Furniture
- Artwork and decor
- Specialized equipment required for the business
- Point of sale (POS) systems
- Office equipment (e.g. computers, monitors, printers, scanners)
- Security systems
- Software costs
- Payroll expenses

Pre-Application Information:

The deadline to apply will be Friday July 1, 2022 at 11:59 pm.

Applications will be accepted and reviewed on a first-come, first-served basis.

One application per business entity will be accepted.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply online: https://app.smarterselect.com/programs/78711-City-Of-Laurel

If assistance is needed with the application, please contact ECD@Laurel.md.us.

Grant Coverage Areas:

URL for Full Text (RFP):

Geographic Focus:

USA: Maryland: City of Laurel

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