AAEDC: Energize Local Businesses Through VOLT Fund

The Anne Arundel Economic Development Corporation is accepting applications for its Volt Fund which is available to small and minority, women and veteran owned businesses.

Anne Arundel Economic Development Corporation serves as a manager of Maryland’s Small, Minority and Women-Owned Business loan fund, which receives 1.5 percent of video lottery terminal revenue from Maryland casinos.On June 24, 2015, AAEDC received a new allotment of $1.85 million to distribute through its VOLT Fund.  Small and minority, women and veteran owned businesses located within 10 miles of any of Maryland’s three casinos and those located elsewhere in the state may be eligible for loans of between $25,000 to $500,000 for purposes such as business and commercial real estate acquisition and expansion, lease-hold improvements, equipment and vehicle purchase, and working capital.

AAEDC VOLT Fund
AAEDC VOLT Fund

For more information contact Steve Primosch at 410-222-7410 or by email at sprimosch@aaedc.org, or visit the AAEDC Volt Fund website

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