Paycheck Protection Program Round 2 APPLY TODAY!! & BGE Energizing Small Business Grants Program & Upcoming Events

Paycheck Protection Program Round 2 Apply Now!

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.

LEDC’s PPP application portal is now live! You can access it here:
https://www.ledcmetro.org/sbappp

To view participating lenders, click here

The new guidance released includes:

For more information on SBA’s assistance to small businesses, visit sba.gov/ppp or treasury.gov/cares.


BGE Energizing Small Business Grants Program

On January 20, BGE will launch its Energizing Small Business Grants Program as part of its $15 million pledge to assist small businesses with COVID-19 relief and recovery. This is a component of BGE’s comprehensive Customer Relief and Energy Infrastructure Investment Plan, designed to help the state’s economic recovery from the COVID-19 pandemic.

Through the BGE Energizing Small Business Grants Program, eligible businesses located in BGE’s service area will have three opportunities to apply for grants of up to $20,000:

  • Round 1: January 20 –  March 3, 2021
  • Round 2: May 5 – June 16, 2021
  • Round 3: September 1 – October 13, 2021

To be eligible, a business must have between two and 25 employees, less than $7 million in annual revenue, a demonstrated need for support, a strong plan for moving forward, and be in good standing with the state of Maryland.

For more information contact Allyson Black, Manager, State Affairs and Economic Development, BGE Allyson.Black@bge.com 410.269.5286


SAVE THE DATE!!!
MiHUB Monday Webinar Series: Accessing Opportunities through Supplier Diversity Programs hosted by
MBDA Advanced Manufacturing Center-Baltimore
Monday, February 22, 2021

More information to come.


2nd Annual African Americans in Health Care Awards
presented by Kaiser Permanente and the Reginald F. Lewis Museum
Thursday, February 25, 2021
1:00 p.m. – 2:30 p.m.

At this Black History Month annual event, honorees will be recognized for their tireless
efforts to alleviate community burdens caused by the COVID-19 pandemic. Join the honorees as they are shown gratitude for their service and learn about their important contributions to health care, including community– wide pandemic responses and the development of a COVID-19 vaccine. This event will also feature a conversation between Dr. Kizzmekia Corbett, lead scientist in the development of the Moderna vaccine, and Dr. Freeman Hrabowski, President of University of Maryland Baltimore County.

To view flier, click here

The event will be held virtually via Zoom to register, click here


The Power of the Collective Virtual Economic

Empowerment  Conference hosted by
the Baltimore Young Professionals
Saturday, February 27, 2021
11:00 a.m. – 5:30 p.m.

The global pandemic has served to highlighted the existing inequities in our society, and the continuing impacts of past an present discriminatory economic practices. Rather than continuing to watch how this plays out, join with other young professionals to discuss practical solutions, and to hear how others have been working to address these systemic economic issues.

Panels include:

  • Solving for Access to Capital.
  • What is Governments Role?
  • Ho Can Private Capital Help to Write Past Wrongs?
  • The Entrepreneur’s Journey: What I Wish I Knew
  • Next Steps: Funding

To view flier, click here

To register, click here


To subscribe, click here