On Friday, Governor Wes Moore announced $3 million in financial assistance to help small and minority-owned businesses expand and create jobs across Maryland. The funding, provided through the Maryland Small Business Development Financing Authority, is expected to support the creation of 72 new jobs and help retain 28 existing positions.
State officials said the financing includes loans and equity investments that can be used for equipment purchases, real estate, leasehold improvements, supplies, and working capital. Recent recipients include healthcare technology company Aidar Health, chocolate manufacturer Bon AppéSweet, North Potomac-based string instrument retailer DXC Trading, logistics provider Globalsunny NA, educational technology company Pelican Fly, and Señors Market, LLC.
According to the Maryland Department of Commerce, the financing authority helped support approximately 2,450 jobs between fiscal years 2021 and 2025 by leveraging about $33 million in loans and equity investments. Officials said the program is designed to expand access to capital for entrepreneurs and strengthen Maryland’s small business sector as part of the
