BALTIMORE — Members of the Baltimore congressional delegation have announced more than $450,000 to support minority and women-owned businesses lift up underserved community entrepreneurs, spur economic growth and create jobs across the Baltimore metro region.
“As a result of systemic and entrenched injustices in our society, businesses located in underserved communities – and especially businesses owned by women and people of color – have faced tremendous barriers to accessing the financial resources and technical support they need to succeed,” the lawmakers said. “With strategic investments, more minority-owned and women-owned businesses can get off the ground, prosper, and boost local economies with good-paying jobs. We will continue working to deliver federal resources that help small business owners and strengthen Maryland’s economy for generations to come.”
According to the delegation, through funds from the U.S. Department of Commerce (DOC) Economic Development Administration (EDA) Opportunity Zones Assistance Project, nonprofit Operation HOPE and Morgan State University will provide training sessions, financial guidance and technical assistance to 1,240 Baltimore-area business owners and community entrepreneurs.