Harris Announces $125,000 Grant to Maryland Capital Enterprises

WASHINGTON, DC: Rep. Andy Harris, M.D. (MD-01) announced the award of a $125,000 grant to Maryland Capital Enterprises, a private nonprofit organization located in Salisbury. The organization is dedicated to helping small businesses succeed by offering counseling, business development consulting, and assistance in acquiring financing. Grant funding came from the Department of the Treasury's Community Development Financial Institutions Program, which allocates financial awards to Community Development Financial Institutions (CDFIs) who in turn provide access to capital investments for small businesses and other critical community development projects, often in economically underserved communities. The grant awarded to Maryland Capital Investments is a Technical Assistance award, which are used for capacity development that is integral to CDFIs' organizational sustainability and success. CDFIs often use these awards to purchase equipment, hire consulting or contracting services, pay salaries and benefits, or train staff or board members.

Congressman Harris made the following statement:

"I am proud to support our small businesses across the Eastern Shore. The timing of this grant is great news, especially during National Small Business Week and in light of the pandemic, which has put countless businesses across our nation in jeopardy. These funds will allow Maryland Capital Enterprises to continue to serve small business employers and their employees on the Lower Shore, boosting our regional economy and creating good paying jobs."

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