Governor Moore Launches Maryland Community Investment Venture Fund  

Last month, Governor Moore announced the launch of the $2.5 million Maryland Community Investment Venture Fund, which will provide grants for financial technology companies (fintechs) to pilot products and services for small business owners in low to moderate income communities. Eligible fintechs can apply for up to $50,000 in grant funding via a pitch and application process.  

“Small businesses are the lifeblood of our economic growth and the keystone of our mission to close the racial wealth gap in Maryland,” said Governor Moore. “Together, we are fostering collaboration between our entrepreneurs, innovators, and financial leaders to build opportunity, create jobs, and supercharge our state’s economy. This is a continuation of our North Star from day one—building pathways to work, wages, and wealth for all Marylanders.” 

Montgomery County, Maryland is a growing hub for fintech companies at all stages of growth. With over 90,000 technology workers and 6,000 technology companies located in the area, Montgomery County provides many advantages for companies, including close proximity to many top academic research institutions.  

Fintechs interested in applying for a Maryland Community Investment Venture Fund Grant can find more information here.