Micro Loans for Business Owners and Entrepreneurs in MD

2016 marks the 30th anniversary of the Entrepreneurship Competition named after local entrepreneur Richard Bernstein. George Koste, Executive Director of MCE was one of this year’s judges for the competition. MCE awarded the second place winner, Neuro Helmet Systems, with $5,000. Their business plan is to develop and market high-end, high-tech motorcycle helmets.

The new MCE Women-Owned Business Loan (WOBL) Fund has loaned over $500,000 to businesses owned by women on The Eastern Shore and in the Annapolis-Baltimore area since its founding. Launched last August by Salisbury-based Maryland Capital Enterprises, Inc. (MCE), the fund makes small business loans $5,000 – $150,000 to businesses owned by women in the

MCE has been awarded a $50,000 grant the U.S. Department of Agriculture through its RBEG (Rural Business Enterprises Grant) program to assist micro-businesses on Maryland’s Eastern Shore to grow into sizable businesses generating employment opportunities. MCE (Maryland Capital Enterprises, Inc.) will use the grant to support its Incubator Without Walls (IWW) project that provides technical

The Bernstein Competition is held at Salisbury University every year to allow students that are aspiring entrepreneurs an opportunity to not only present their business idea, but also compete for actual prize money and technical assistance. MCE’s President & CEO Joseph Morse, had an opportunity to be one of the judges of the competition. He

The Baltimore area Women’s Business Center has expanded and relocated from 1800 N. Charles St.in Baltimore to 333 N. Charles St. in the historic Baltimore Women’s Industrial Exchange building. Operated by MCE (Maryland Capital Enterprises, Inc.), the center is designed to assist businesswomen in starting and expanding small businesses in Baltimore City, and both Baltimore

Maryland Capital Enterprises Inc. (MCE),was awarded $1 million from revenues generated by the state’s three casinos on April 17, 2013 when the Board of Public Works approved the recommendation from the Maryland Department of Business and Economic Development (DBED). MCE will use the funding to provide loans to Small, Minority and Women-Owned Businesses located in

27 UMES students got treated to an entrepreneurial experience of their lives when they traveled to Georgia on April 17, 2013 with the support of MCE and First Shore Federal Bank. The students spent 3 days and 2 nights at The Allen Entrepreneurial Institute International (AEII) in Lithonia, Georgia learning from prominent African American business

EASTON, MD – A recent Harvard Business Review blog described “action” as what differentiates an entrepreneur from an inventor. Three Maryland entrepreneurs were recently awarded a total of $35,000 to turn their innovations into business enterprises on Maryland’s Eastern Shore. The startup cash and services were awarded through the inaugural Eastern Shore Business Plan Competition, presented by

“If just one in three micro businesses hired an additional employee, the US would be at full employment.” This was the powerful message delivered at the Association for Enterprise Opportunity (AEO) Conference this year. If this economy is going to turn around, it’s going to happen on Main Street. MCE has been committed to helping