News & Events

BDC has nearly exhausted all funds raised for post-riot relief

Emily Bregel, Baltimore Business Journal — July 23, 2015

The total distribution includes 47 storefront recovery grants for cosmetic repairs, totaling just under $128,000, and 14 business recovery loans, totaling $289,000, Cole said at the BDC’s board meeting Thursday.  Business recovery loans are 100 percent convertible to grants if the business remains open for at least 24 months.

http://www.bizjournals.com/baltimore/news/2015/07/23/bdc-has-nearly-exhausted-all-funds-raised-for-post.html

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