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9 Local Businesses Awarded State Economic Development Funds

December 20th, 2021 by WCBC Radio

Governor Larry Hogan Monday announced the first round of awardees for Project Restore, a $25 million economic recovery initiative that provides financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. A total of 144 businesses in 23 jurisdictions will receive $3.6 million in rental subsidies and $7.2 million in business operations grants over the next two years, totaling $10.8 million in support. Locally 9 Allegany County and 4 Garrett County businesses received awards.