Exciting News: The Purple Line Small Business Grants Program Extended into 2025!
Grant relief is still available for Fenton Village businesses affected by The Purple Line construction through The Maryland Department of Transportation. Read below to learn more about the financial support provided by the grant and which businesses are eligible.
Read the full press release and details here: https://mdot.maryland.gov/tso/pages/newsroomdetails.aspx?PageId=38&newsId=908
This initiative is designed to help small businesses stay operational amid construction-related challenges, providing funding for business operations, marketing support, and ensuring businesses are ready to thrive once the Purple Line opens. Over four years, the program will invest $4 million in eligible businesses along the Purple Line corridor.
Who Qualifies for the Grant?
To be eligible, your business must meet the following criteria:
Be a customer-facing business located within a quarter-mile of the Purple Line alignment.
Have been open and operational since at least January 1, 2022.
Meet at least one of these additional qualifications:
50 or fewer employees.
Gross sales averaging $2 million or less.
Certified under Maryland’s Small Business Reserve Program.
Grant Details & Application Process
Businesses may receive up to $50,000 in grant funding.
Award amounts will depend on factors such as location, level of construction impact, and whether the business is situated in designated community and economic development zones.
There will be up to three application rounds per year, with the first deadline on March 14, 2025.
To apply, visit www.purplelinemd.com and complete the application: https://www.purplelinemd.com/small-business-grants/
Additional Support for Businesses
The Purple Line Business Engagement Team is actively working to minimize disruptions for businesses along the corridor. They provide resources, connections, and promotional opportunities, including a business directory featuring over 800 businesses and monthly spotlights on the Purple Line website.
For additional information about resources available, please reach the Business Engagement Team at business@purplelinemd.com.
This program builds on past support efforts, such as the 2023 and 2024 Purple Line Construction Zone Grant Program, ensuring that small businesses continue to receive the help they need during this transformative period.
If you qualify, don’t miss out on this opportunity! Apply today and secure the support your business needs to thrive. Visit www.purplelinemd.com/small-business-grants/ to learn more and start your application.
Comments