The new MCE Women-Owned Business Loan (WOBL)Fund has loaned over $500,000 to businesses owned by women on The Eastern Shore and in the Annapolis-Baltimore area since its founding.Launchedlast Augustby Salisbury-based Maryland Capital Enterprises, Inc. (MCE),the fund makes small business loans $5,000 - $150,000 to businesses owned by women in the target area and provided them technical assistance through the MCE Women’s Business Center (WBC)with offices in Salisbury and Baltimore.
The WOBL Fund and WBC are a part of MCE’s effort to assist the fastest growing segment of business owners – women. The advisory boards are co-chaired by two prominent women entrepreneurs. They are Dr. Maya Rockeymoore Cummings, principal of Global Policy Solutions and wife of US Congressman Elijah Cummings (D, MD) and Mitzi Perdue, Perdue family matriarch.
The Fund was started with a $500,000 allocation from MCE which has increased to $750,000. With the success of the effort, more funding is being sought.
“We saw a need from the number of women that were approaching MCE,” said MCE President/CEO Joe Morse. “We decided to focus a part of our operation on addressing this need and were able to secure some funding from the Treasury Department and the Small Business Administration.”
Businesses assisted by the Fund include beauty salons, day care centers, retail stores, professional consultants, insurance agencies and health care professionals.
Jennifer Currie is the project director of the MCE Women’s Business Center. She is the one for women to contact for assistance. Call 410-546-1900 or email jcurrie@marylandcapital.org
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
The worst place to be is a white, male, educated, and even worse, a poor white in America today. How have be become a country where you color, you gender, and your ability, are all used as the major criteria to judge your success? We have drifted to pre-60s in stupidity.
In MD, if you want to bid a gov project, the rules are as follows:
minority black business is first selected, then other minority is second. then union shops third, then any other at risk business (a criteria that is waived for the first three), then and last a small business that is outside of the above. And since the gov official doing the bid is a diversity hire, if you are a white owner, and can meet all of the financial requirements thrown only at you, sorry we only took the top two, and you were not even considered. Only way to win, pay to play,
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