PRED Item 1
Planning, Housing and Economic Development
Robert H. Drummer, Senior Legislative Attorney
Bill 6-12, Economic Development
Small Business Assistance
Steve Silverman, DED Director, Peter Bang, DED, and Katie Knowlin,
Bill 6-12, Economic Development - Small Business Assistance, sponsored by Council
Vice President Navarro, Councilmembers Ervin, Floreen, Leventhal, Council President Berliner
and Councilmember Riemer, was introduced on February 7,
A public hearing was held on
Bill 6-12 would establish a program to assist small businesses located in either an
enterprise zone' or an urban renewal area
of the County who are adversely impacted by a
County redevelopment project or a redevelopment project located on County property. The Bill
would require the Director of the Department of Economic Development (DED Director) to
create and operate the program. SUbject to Council appropriation, the Director may award a
grant or loan from the Economic Development Fund (ED F) to an eligible small business and
provide technical assistance and training to a small business receiving financial assistance under
award that exceeds $100,000 cumulatively must be approved by the Council.
The Bill would also require the Executive to adopt method 2 regulations to implement
this program. The regulations must:
(1) require the Director to compile and maintain a list of approved technical training
courses on the appropriate website;
(2) specify the application procedures and eligibility criteria for a grant or loan to a
small business under the Program;
(3) specify conditions that the Director may impose on a small business in order to
receive financial assistance from the Fund under the Program;
(4) define what constitutes an adverse impact on a small business;
(5) define what constitutes financial health of a small business; and
(6) identify outreach methods and marketing strategies to inform local small
businesses of the program.
An enterprise zone must be designated by the Maryland Department of Business and Economic Development.
An urban renewal area must be designated by the Council.