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August 16, 2023 |
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This August, I am delighted to acknowledge and celebrate National Black Business Month, a time dedicated to recognizing and honoring the significant contributions of Black entrepreneurs and businesses to our local economy and beyond.
At the HCEDA, we firmly believe in the power of diversity and inclusivity as driving forces for economic growth and community development. Over the past month, in collaboration with County Executive Calvin Ball, the HCEDA team has actively engaged with the community, visiting Black-owned enterprises to commemorate this special occasion. Most recently, we had the distinct privilege of engaging with businesses that proudly hold membership within the MIC community. We celebrated their exceptional contributions and entrepreneurial excellence.
HCEDA is proud to provide resources and opportunities that support small, minority businesses and entrepreneurs, which are critical to Howard County's economy.
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Sincerely,
Jennifer Jones
CEO, Howard County Economic Development Authority |
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Our Mission: The mission of the Howard County Economic Development Authority is to promote economic growth and stability in Howard County by supporting existing businesses, attracting targeted new businesses, and attracting corporate and/or regional headquarters; to serve as the liaison between public and private economic development and planning organizations; and to recommend policies to County government that support the achievement of planned economic goals. |
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HCEDA is actively seeking new team members! If you're interested in joining our team and contributing to our mission, click the button below to explore our exciting career opportunities. |
| HCEDA Employment Opportunities |
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We invite businesses in Howard County to voice their valuable insights and perspectives through our linked survey below! Your feedback will help the HCEDA enhance its services, ensuring a tailored and impactful support system for your growth and success. |
| Take the Survey! |
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About the Maryland Innovation Center
Operating under the umbrella of the Howard County Economic Development Authority, the Maryland Innovation Center (MIC) is an innovation hub offering a robust support system for both budding and established entrepreneurs. Its comprehensive blend of mentorship, partnerships, and resources acts as a catalyst for economic growth and prosperity, propelling the advancement of its members.
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County Executive Calvin Ball recently visited Black-owned businesses located at the MIC. Pictured here (left to right) are Stephen McDow, Nebulae Global; Chuck Bubeck, MIC; Jennifer Jones, HCEDA; Ed DeJesus, Social Capital Builders; County Executive Calvin Ball; Wanda Spence, Nebulae Global; Dino Rodwell, Capital Energy Solutions Inc; Frantz Honore, FNE Technology; Tierra Lathan, Consult Lemonade; and Nigel Knowles, Rivue Software.
This visit served to highlight the ongoing significance of the MIC, which is dedicated to furnishing resources, guidance, and networking platforms to entrepreneurs from diverse backgrounds.
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A Reflective Look at FY2023 and a Glimpse into FY2024 with MIC Executive Director Chuck Bubeck
In the most recent MIC blog, Executive Director Chuck Bubeck offers a retrospective of the past fiscal year, delving into key achievements, challenges, and takeaways. Bubeck also provides an exciting preview into the promising direction of FY2024, outlining strategic directions and innovative initiatives that are set to shape the organization's path forward.
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End of Summer Bash
Come and be a part of the MIC's End of Summer Bash on September 21st, hosted at Merriweather Lakehouse! This fun and festive event is the perfect way to wrap up summer. Early bird ticket sales close Sept. 8 — don't miss out on the chance to join the celebration!
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| Register! |
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Upcoming BRITE Events |
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The Business Revitalization Initiative Through Entrepreneurship program—or BRITE Program—accelerates the journey from innovation through commercialization. From mentoring to marketing, product development to pitching, BRITE provides early stage startups and seasoned businesses in Howard County with direct pathways to entrepreneurial success. Here is a list of upcoming BRITE programs:
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Thursday, Aug. 24 | 12 - 1:30 PM |
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Thursday, Aug. 31 | 12 - 1:30 PM |
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Wednesday, Sept. 6 | 12 - 1 PM |
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Thursdays, Sept. 7–Sept. 28 | 1 - 3 PM |
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Tuesdays, Sept. 12–Oct. 17 | 11:30 AM - 1 PM |
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Thursday, Sept. 14 | 12 - 1:30 PM |
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Introducing HCEDA's LIFT Fund |
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The Leveraging Investment for Future Transformation (LIFT) Fund offers microloans ranging from $10,000 to $30,000 for a 3–5-year term to small businesses in Howard County. The LIFT Fund is designed to support businesses in various categories, including minority-owned, women-owned, and veteran-owned enterprises. If you are a small business looking for a microloan to assist you with equipment purchases, working capital, improvement costs, etc., check out the LIFT Fund and apply online today. |
| Learn More About the LIFT Fund |
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BGE Grant
BGE and Howard County, in partnership with the Global Entrepreneurship Network and Hello Alice, are offering $20,000 BGE Energizing Small Business grants to help eligible Howard County businesses succeed and thrive. Applications for the current round are open through August 18, 2023, at 6 PM. To be eligible, a business must have between 1 and 25 employees, less than $7 million in annual revenue, demonstrated need for support, and be in good standing with the State of Maryland.
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| Apply Here |
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Maryland Manufacturing 4.0 Grants
The Maryland Manufacturing 4.0 grant program empowers small and mid-sized manufacturers in Maryland to enhance competitiveness and spur growth through Industry 4.0 technologies, machinery, robotics, and digital strategies. Manufacturers can access grants ranging from $25,000 to $500,000, empowering them to adopt innovative technologies, machinery, robotics, and digital practices, thus reinforcing their competitive edge and driving sustained expansion.
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| Apply Here |
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HCEDA’s Business Finance Support Services |
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The HCEDA provides an array of business support and financial assistance programs, including the Catalyst Fund, Collateral Assistance Fund, incentives, and other funding options. Recognizing the unique needs of each enterprise, our dedicated team of business development professionals is available to guide you toward the most suitable choice.
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National Black Business Month Business Visits
Over the past few weeks, in celebration of National Black Business Month, members of the HCEDA team have been engaging with the community, actively embarking on visits. These interactions underscore our collective dedication to fostering an environment where all entrepreneurs can flourish. Pictured here (left to right) are: R&L Crab Co LLC, Shea Radiance, and Anegada Delights Caribbean Cuisine.
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Apprenticeship Opportunity Program for Businesses
Businesses in Howard County that establish novel apprenticeship programs for Maryland apprentices can access funding of up to $5,000 per apprentice, with a maximum total allocation of $20,000 per organization. To learn more about this opportunity, click the link below.
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| Learn More |
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Business Appreciation Week 2023
Limited spots are still available for the upcoming Howard County Business Appreciation Week visits! Scheduled for October 23-27, 2023, these visits will feature ambassador teams from local leadership. Sign up below!
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