Business In Harford County Opportunity Zone Receives $100K Grant

HARFORD COUNTY, MD — More than $1 million in grant awards have been distributed to support investment in Maryland's designated opportunity zones including in Harford County.

Microgrants ranging from $50,000 to $100,000 were administered through the department’s Neighborhood BusinessWorks Program to 12 start-up and expanding businesses located within an opportunity zone.

“The federal opportunity zone incentives complement state revitalization and small business assistance programs, spurring investment and job creation in historically disinvested areas,” said Maryland Gov. Larry Hogan. “Through these microgrants and programs like Neighborhood BusinessWorks, our administration has upheld our promise to make sure Maryland remains open for business.”

Opportunity zones were designated through a federal tax incentive program administered by the U.S. Treasury. The tax incentive provides federal capital gains tax incentives for investment in economically distressed and under-served communities. Maryland has 149 designated opportunity zones and each of Maryland’s 24 jurisdictions has at least one designation.

Recipients include:

• Allegany County, Queen City Creamery & Deli, LLC, $100,000
• Baltimore City, Black Acres Roastery, LLC, $100,000
• Baltimore City, CoapTech, $100,000
• Baltimore City, MELATECH, $100,000
• Baltimore City, Novel Microdevices, Inc., $100,000
• Cecil County, Elk River Brewing Company, $75,000
• Charles County, Bolans-Darby Partners, Inc., $100,000
• Dorchester County, Lil' Bitta Bull BBQ, LLC, $50,000
• Harford County, Havre de Grace Marine Center, $100,000
• Kent County, E.L.B. Automotive, $75,000
• Kent County, Modern Stone Age Kitchen, $100,000
• Prince George's County, Hair + Space Blowdry and Beauty Company, $50,000

Total- $1,050,000