NOTICE: The Golden Mile Alliance and Nymeo Federal Credit Union realize that this is a very busy time for businesses as they focus on making the upcoming holiday shopping season a smashing business success. As a result, we have decided to postpone the “Lunch and Learn” seminar on Retirement Plans for Small Businesses into the new year. A new year is a great time for businesses to consider new ideas for investing in their employees. A new day for this “Lunch and Learn” will be provided once we consult with the Nymeo financial advisors providing the seminar.
The Golden Mile Alliance is launching the first of a series of virtual financial seminars for business in partnership with the financial institutions
on the Golden Mile. The first seminar is sponsored by Nymeo Federal Credit Union. Nymeo’s financial advisors Anna Behnam and Irene Tata,
of Behnam & Associates, will discuss business retirement planning.
November 16, 2021, from 12 to 1 pm.
Topics will include:
An introduction to what plan might work for you and your business.
Our discussion will touch on the various plans including 401K, SEP, SIMPLE, IRAs.
We will discuss the benefits of each plan, the costs associated in setting up and managing
By the end of our conversation, you should have an idea of which plan will make the most sense for your business.
All attendees will receive a 30-minute no-obligation consultation to discuss personal concerns and questions.
To attend, please send an e-mail to GMAEvent@goldenmilealliance.org with your name, business, phone number, and e-mail address so we can
send you the zoom invitation. The seminar will be recorded and provided for future reference.
The Maryland Department of Housing and Community Development is administering $25 million to provide financial support to Maryland’s new or expanding businesses to help incentivize commercial investment in vacant retail and commercial properties.
Project Restore will provide two grant opportunities for businesses that plan on opening or expanding into previously vacant spaces:
Rental Assistance Grant: The maximum grant request amount is $30,000 for rent for one year (rental payment up to $2,500 per month) for qualified small business with 50 or fewer employees (full time equivalents). Applicant’s monthly rent can exceed $2,500, but the maximum that will be paid by the Rental Assistance Grant will be $2,500 per month for one year.
Business Operations Grant: The maximum grant award amount is $250,000 for one or two years for businesses that generate sales and use tax. Grant funds can be used for activities and costs related to sustaining and growing the business such as staff costs, capital improvements, marketing, inventory and supplies, utilities and the like and cannot be used for executive salaries or bonuses. Grant awards will be paid quarterly and will be based on sales and use tax generated by and submitted to the state in Calendar Year 2022.
To be eligible to apply for either a Rental Assistance Grant and/or a Business Assistance Grant, a business must meet all of the following criteria:
May be a new or existing business, but business must be located in Maryland
Business must be registered and in good standing with the Maryland Department of Assessments and Taxation (SDAT).
Business must open or expand in a retail or commercial space that has been vacant at least 6 months prior to the date they submit their application.
Financially viable business whose operations will continue forward
Golden Mile Businesses don’t miss out on this Golden Opportunity!
The Frederick County Office of Economic Development EmPOWER Mentorship Program is now accepting applications!
The EmPOWER Mentorship Program is a facilitated mentoring model designed to help underrepresented businesses generate ideas, identify blind spots, troubleshoot problems, and grow their networks in Frederick County. Two seasoned business leaders and a facilitator will guide the mentorship program throughout its 8-week duration. The program will begin on October 18th and meet weekly until December 6th.