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Building Successful Businesses in Maryland |
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Financial Partnerships
Overall, MCM has achieved success throughout the state, providing services that have directly or indirectly assisted entrepreneurs and aided in the development of thousands of microenterprises annually, which exponentially create employment opportunities. In addition, through the assistance provided to these organizations throughout the state, MCM has helped mobilize millions of dollars for microenterprise development.
MCM has been instrumental in mobilizing funding to support community and economic development efforts. MCM has distributed awards to many of its member organizations to facilitate program expansion and development, as well as, assist in organizational grant development.
Business Partnerships
MCM has a long and successful track record of aggregating, leveraging and administering public, private and institutional funding for microenterprise development. Over more than a decade, MCM has built and maintained formidable partnerships with Federal, State agencies and private organizations. Past and present financial contributors include:
- US Department of Small Business Administration
- US Department of Housing and Urban Development
- US Department of Agriculture
- US Department of Health and Human Services
- Maryland Agriculture and Educational Research Development Assistance Fund
- Maryland Department of Housing and Community Development
- Maryland Department of Business and Economic Development
- Appalachian Regional Commission
- CFED
- NFED
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I n 2007, MCM was able to provide a low interest loan to the local entrepreneur/owners of The Crab Place, a seafood business, based in Crisfield. The Crab Place and its subsidiary, www.crabplace.com, are the largest online retailers of Maryland seafood and was named Maryland SBA Small Business of the Year in 2001. Building on the local strengths of crabbing, with the loan, the owners plan to expand the business and promote job creation and career growth for low-income area residents.
On the web: http://www.crabplace.com/
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