* Historic Nathan Building (1st Floor): 2,600 square feet, ideal for Furniture Store or unique retail business to complement our bustling Main Street shopping district
* Historic Nathan Building (2nd Floor):
2,500 square feet
* Restored Historic Townhouse:
3,500 square feet, ideal for Law firm
* 513 Poplar Street: Looking for Restaurant Entrepreneur or Chef to open 2-story restaurant/bar with outside deck.
* 303 High Street: Renovation beginning spring 2008 to turn building into 2 retail spaces and apartments. Looking for retail tenants. 1400sf; will be delivered in finished shell condition with historic facade renovations complete. $13 psf net of utilities.
* 309 High Street: Renovation beginning spring 2008 to turn building into 2 retail spaces and apartments. Looking for retail tenants. 900sf; will be delivered in finished shell condition with historic facade renovations complete. $13 psf net of utilities.
Investment
Investment Financing Group
The Investment Financing Group runs several programs with the purpose of providing emerging, high technology businesses access to early-stage capital. Investment decisions are based on the project's potential return, the promotion of economic development and the creation of jobs.
Challenge Investment Program
This program provides financing for small start-up companies to cover a portion of the initial costs associated with bringing new products to market.
- To qualify, a business must have no more than 25 employees and annual sales of less than $1 million.
- A minimum 1:1 co-investor match is required.
- Applicants are limited to high tech companies whose principal places of business are located in Maryland.
- The amount of equity is up to $150,000 with an initial investment of up to $50,000. Additional investments are made based on performance and the achievement of specific milestones.
Enterprise Investment Program
This program makes direct equity investments in emerging high technology companies with patented or proprietary products or manufacturing processes and a marketing strategy in place. Whereas the Challenge Investment Program works with emerging companies, the Enterprise Investment Program works with established companies to move them into their next stage of development as a viable business. The amount of investment ranges from $150,000 to $500,000.
- Applicants must be in a high-tech industry targeted for assistance.
- The applicant must agree to maintain its principal place of business in Maryland for five years.
- A minimum of 3:1 co-investor match is required.
Maryland Enterprise Venture Capital Limited Partnership
Provides investment in private venture capital limited partnerships with the understanding that each partnership will make its best efforts to invest in Maryland start-ups.
Source: The Maryland Department of Business and Economic Development. Click Here for more information.
