EDA awards over $60 million in grants for economic development projects in Maryland in 2022

EDA awards over $60 million in grants for economic development projects in Maryland in 2022

Economics
Webp craig buerstatte hresll fotor 20241017183036eee
Craig Buerstatte, Deputy Assistant Secretary for Regional Affairs at EDA | https://www.eda.gov/about/leadership/craig-buerstatte

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

In 2022, the Economic Development Administration (EDA) issued 18 grants totaling $60,981,336 to fund economic development projects in Maryland.

This represents a 1,051.7% increase over 2021, when the state received $5,294,937 in funding.

Maryland ranked 22nd across the U.S. in total EDA grant funding for 2022. California topped the list with $238,656,132 in funding across 57 grants.

Maryland Department of Labor received the largest EDA grant for funding an economic development project in the state, totalling $22,952,185.

EDA Grant Recipients in Maryland in 2022
Grantee NameTotal Funding
Maryland Department of Labor$22,952,185
Maryland Department of Commerce$9,608,392
Hagerstown Community College$5,840,000
Wicomico County$5,522,000
Frederick Innovative Technology Center, Inc.$4,637,386
City of Annapolis$3,191,200
Chesapeake Conservancy, Inc.$2,400,000
Eastern Shore Entrepreneurship Center, Inc.$1,814,050
Maryland Department of Commerce$1,584,000
Somerset County$1,000,000
Maryland Department of Commerce$1,000,000
Howard County Economic Development Authority$500,000
City of Havre de Grace$319,200
Tri-County Council for the Lower Eastern Shore of Maryland$210,000
University of Maryland, College Park$137,923
Annapolis and Anne Arundel County Conference and Visitors Bureau, Inc.$125,000
Tri-County Council for Western Maryland, Inc.$70,000
Talbot County Mid-Shore Council$70,000

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS