The BDC’s application for an Enterprise Zone Focus Area designation for key commercial portions of Pennsylvania and W. North Avenue received approval from MD Dept. of Commerce. Enterprise Zones program encourages investment in distressed neighborhoods by providing tax credits to spur private investment. A fact sheet about Enterprise Zone and EZ Focus Area benefits can be downloaded here. To download the map of the Central West Baltimore Focus Area, please click here.
Since its inception in 2013, BDC has awarded 43 micro loans totaling $884,500, which have led to the retention and creation of 366 jobs and resulted in capital investment of nearly $2.9 million. Majority of these loans went to either a minority or woman-owned business.