Learn More about CDFI's and Small Business Resources in Maryland see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Baltimore Community Lending, Inc.
CDF Development, LLC
Charter Facilities Funding, LLC
Community Capitol of Maryland, Inc.
Community Development Ventures, Inc.
Development Credit Fund, Inc. (DCF)
Enterprise Foundation Inc., The
ESIC New Markets Partners, LP
Faith Fund, Inc.
First Combined Community Federal Credit Union
Harbor Bank of Maryland
Harbor Bankshares Corporation
Maryland Capital Enterprises, Inc.
Mid-City Community CDE, LLC
Native American Capital, LP (NAC)
Urban Research Park CDE, LLC
The government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.