Laurel, MD — [August 30, 2024] Mayor Keith R. Sydnor is proud to announce the launch of the "Laurel Thrive" Small Business Grant Program, a new initiative administered by the Laurel Department of Economic and Community Development (Laurel ECD). This program is designed to provide financial support to new businesses within the city, helping them to grow, expand, hire, and develop their operations.
The "Laurel Thrive" program aligns with the City's broader goals to spur economic development, foster entrepreneurship, and create additional jobs for Laurel residents. The program will offer grants of $10,000 to eligible businesses that establish operations within the City of Laurel between July 1, 2024, and June 30, 2025.
“This grant program reflects our commitment to fostering a thriving business community in Laurel,” said Mayor Keith Sydnor. “Small businesses are the backbone of our local economy, and we want to give them the support they need to succeed. By investing in new businesses, we’re not just creating jobs, we’re building a stronger, more resilient city for everyone.”
Applications will be accepted beginning Tuesday, September 3, 2024, and will be reviewed on a first-come, first-served basis. Business owners are encouraged to carefully review all grant terms and application instructions before submitting their applications, as incomplete or inaccurate submissions may result in delays or ineligibility. Only one application per business entity will be accepted.
The total fund dedicated to this program is $100,000, sourced from the City of Laurel’s General Operation Budget. Business owners who have received funding from the City within the last five years are not eligible for this grant.
For more information about the "Laurel Thrive" Small Business Grant Program or to apply, please visit https://www.cityoflaurel.org/1929/Thrive-Small-Business-Grant-Program or contact the Laurel ECD at ECD@laurel.md.us.
