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Grants to Maryland Established Businesses in Eligible
Areas for Financial Recovery During COVID-19

Laurel Legacy 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 $50,000 to Maryland established businesses in eligible areas to support financial recovery in the wake of the Coronavirus (COVID-19) pandemic. Funding is intended for businesses that have been located within a property zoned for office, industrial, or commercial within the incorporated boundaries of the City of Laurel for at least the past five (5) years.

The goals of this Program include:

  1. To provide financial support to Laurel’s established businesses that been negatively impacted by the COVID-19 pandemic
  2. To provide financial support to Laurel’s established businesses that need to make changes to their business operations due to the COVID-19 pandemic
  3. To support established businesses within the City of Laurel in order to proactively prevent vacancies due to the COVID-19 pandemic

Use of Funds:

  • Utility improvements that are required due to safety, efficiency, or changes in business operations
  • Equipment and equipment installation costs required for the business due to safety, efficiency, or changes in business operations
  • Point of Sale systems and accessories that are required due to safety, efficiency, or changes in business operations
  • Office equipment, computers, and software that are required due to safety, efficiency, or changes in business operations (examples: laptops, monitors, printers, video conferencing membership)
  • Interior remodeling of the commercial, office, or industrial business location (e.g. painting, lighting, flooring, bathroom renovation)
  • Exterior signage
  • Window signage
  • Exterior awnings and canopies
  • Professional, engineering, architectural, and permit fees that are related to any of the above uses

GrantWatch ID#:

GrantWatch ID#: 201505

Estimated Total Program Funding:

$500,000

Estimated Size of Grant:

This Program will award grants in the amount of $5,000 to $50,000.

Additional Eligibility Criteria:

In order for a business to be eligible it must have been located within the municipal boundaries of the City, with a valid City of Laurel Use and Occupancy permit, for five (5) or more continuous years.

Within that five (5)-year period, a business applicant may have changed its address, but it will still be eligible for this grant as long as all of the addresses were within the l municipal boundaries of the City, and as long as a valid City of Laurel Use and Occupancy permit was held for the entirety of the period.

Each business applicant must also be able to demonstrate how it was negatively impacted by the COVID-19 pandemic. This can be achieved in one or more of the following ways:

1. The business is able to demonstrate a significant loss of revenue between March 3, 2021 and January 3, 2022 compared to revenue of 2019
2. The business is able to demonstrate a change in its business operations due to the COVID-19 pandemic that requires (or has required) operational and/or safety improvements

Eligible Locations:
- The business must be located within a property located within the municipal boundaries of the City, and shall be able to prove that it has been at that location, or another location within the City limits, for at least the past five (5) years.
- The current location of the business must be on a property in any of the following zones:
-- 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

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:
- Rent or mortgage payments
- Exterior renovations, except those explicitly stated under “Use of Funds”
- Furniture
- Artwork and décor
- Security systems
- 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.

Applications are limited to one (1) per business entity that has been located within the municipal boundaries of the City of Laurel (“City”) for at least the last five (5) years.

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/79263-City-Of-Laurel

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

URL for Full Text (RFP):

Geographic Focus:

USA: Maryland: City of Laurel

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