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Grant to boost minority and woman-owned businesses

November 17, 2009|By ERIN JULIUS

The City of Hagerstown Economic Development Department recently received $100,000 in grant funding from the U.S. Small Business Administration to provide assistance to Hagerstown minority and woman-owned business enterprises over the next three years.

An informational meeting about the three-part program will be Nov. 19 at 9 a.m. in the Hagerstown City Council chambers at City Hall.

To qualify for a loan or technical assistance, businesses must be:

o Hagerstown-based, within the corporate limits of the city

o a small business

o fully licensed, legally operating and current with taxes

o owned and operated by a person from a recognized minority group or by a woman

o in business for at least two years

o viable - having shown a profit for at least two quarters within the last two years

For more information and application forms, people may contact Deborah Everhart, economic development director, at 301-766-4189, or Karen Giffin, community affairs director, at 301-739-8577, ext 116.

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