Economic Development Grant Program

City of New Carrollton Economic Development Grants

The City of New Carrollton has dedicated up to $300,000 to help finance projects and programs that create or retain jobs, improve the City’s commercial tax base or otherwise enhance the quality of businesses and the commercial district located in the City.  The City desires to empower businesses that want to launch, expand, attract or retain their business in the City.  When there are competing applications, priority is given for physical improvements that result in business retention or commercial revitalization.  Grant funds are not available to non-profit businesses.  Existing businesses in the City must have a City business license, when required, be current on all license fees and taxes and not have any outstanding City Code enforcement violations.  Applicant businesses must be in good standing with the State and Maryland and shall submit a Certificate of Good Standing from the State Department of Assessments and Taxation with its Application.

      Features:

  • Grants up to $50,000, subject to the availability of funds.
  • The applicant must be actively engaged in the business.
  • Available to businesses located or desiring to locate within the City of New Carrollton.
  • Eligible uses: building and property improvements; energy efficient equipment upgrades and building retrofits; equipment. During the COVID-19 pandemic, and for six (6) months thereafter, grants may be used to pay for relocation expenses for new businesses coming to the City and for utility, rent and office/business supply expenses of existing businesses in the City. Thereafter, grants may not be used for business operations.
  • Grants may not be used to pay or refinance current debt.
  • Term: As set forth in the grant document, depending on each individual application.
  • Grant shall be repaid to the City in the event that the business leaves the City within three years of obtaining the grant.
  • Terms and conditions of grants are established by the City for each individual grant request. The terms and conditions will relate to the nature of the purpose for which the funds are sought.
  • Must be repaid, with interest, if the project for which the grant was approved is not completed or the terms and conditions of grant are not met.
  • No less than thirty (30) days prior to the end of the term of the Grant Agreement, the Applicant shall submit a post-grant report documenting the use of the funds and explaining how the grant helped the business.                                               
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