Governor Larry Hogan has announced that the next round of Opportunity Zone microgrant funding will open on October 4. The grants will allow eligible small businesses seeking to expand within designated Opportunity Zones (distressed communities) to apply for microgrants ranging from $50,000 to $100,000. Below is a map of “Opportunity Zones” in Montgomery County, courtesy of www.Maryland.gov
Maryland has 149 designated Opportunity Zones, and each of Maryland’s 24 jurisdictions has at least one designation. The first two rounds of Opportunity Zone microgrant funding have invested $1 million in 20 businesses across the state.