Maryland Capital Enterprises, Inc. (MCE) of Salisbury has been awarded a $30,000 grant from the PNC Foundation to continue supporting its microenterprise development program on the Eastern Shore and to expand its small business lending program to the Baltimore – Annapolis area. The microenterprise development program provides business assistance, training, technical assistance and capital for micro businesses.
“PNC’s donation helps us increase the services we provide here on the Shore while expanding to address the growing demand for our services from across the Bay,” said MCE Executive Director Hayley Gallagher.
“The work of Maryland Capital Enterprises is critical for providing small, community-based businesses with the resources they need to start and grow,” said Kelly J. Rew, PNC Business Banking Sales Manager and MCE board member. “We are excited to support the organization’s expansion into Baltimore and Annapolis and help fuel economic development in Maryland.”
PNC Foundation receives its principal funding from the PNC Financial Services Group, Inc. (NYSE: PNC). It actively supports organizations that provide services for the benefit of communities in which it has a significant presence. The Foundation focuses its philanthropic mission on early childhood education and community and economic development, which includes the arts and culture.
MCE is a non-profit micro-business finance and assistance agency formed in 1998 that provides loans, education, and assistance to small businesses on Maryland’s Eastern Shore and provides loans to small businesses in the Baltimore – Annapolis area. Based in Salisbury, MD, the firm is certified by the US Treasury Dept. as a Community Development Financial Institution. It is also certified as an Intermediary Micro-lender for the Small Business Administration, the US Dept. of Agriculture, and the State of Maryland. It has made over $1 million in loans to small businesses on the Shore.