The US Treasury Department has announced that MCE (Maryland Capital Enterprises, Inc.) has been awarded a $600,000 grant to aid its effort to assist small businesses on the Shore and in the Baltimore – Annapolis area of the State of Maryland.
The grant adds $100,000 to MCE’s $1 million revolving small business loan fund. It will also fund a new project that is an Incubator Without Walls to work intensely with 20 small businesses ready to grow to the next level and make them successful million dollar businesses. This Project will be a model for the Nation.
MCE Executive Director Hayley Gallagher said “I join our board Chairman, Dan Keunnen, in being excited about the opportunity that this gives us to help this area’s economy. We are grateful for the confidence in us that this grant award shows and for the support of our U.S. Senators Mikulski and Cardin.”
“As a member of the Senate Small Business Committee, I am extremely pleased that Maryland Capital Enterprises has been selected to receive a significant CDFI Grant to help small businesses in the community,” said U.S. Senator Ben Cardin. “Maryland Capital Enterprises has a proven track recording in providing important support services, loans and counseling for Maryland small businesses, helping more than 100 entrepreneurs a year improve their skills so they can succeed.”