Released on October 28, 2010 - 9:03am
Oct 14

Mayor Craig A. Moe has announced the creation of a grant program to assist business relocation to the Main Street area. The Main Street Business Relocation Grant Program will allow either the property owner or the business itself to apply for relocation assistance. Mayor Moe expressed his appreciation to the City Council for start up funds for this program.  He added that the $30,000 provided will provide assistance to at least six businesses. 

For grant purposes, the Main Street area is described as Main Street from First Street to Seventh Street, and includes Main Street’s side streets from U. S. Route 1 North to Fourth Street, north to the Patuxent River, and Route 1 north from Montgomery Street to the Patuxent River. 

Qualifying businesses shall be able to apply for a grant up to $5,000 to assist with moving expenses, interior remodeling, on-site signage, or moving incidentals.  Property owners will also be able to use this program to request a property tax credit for bringing to Main Street a business that does not already exist, such as bakery, newsstand, ice cream store, restaurant, or other retail not currently on the street.  Mayor Moe will present property tax credit requests to the City Council for approval.

Mayor Moe stated the Main Street Business Relocation Grant Program will become effective January 1, 2011; detailed grant information and grant applications will be available on-line November 1, 2010 at Mayor Moe said he anticipates announcing the first recipients in the first quarter of 2011.  Applications will be reviewed when submitted.  The program will continue as long as funding is provided.

For Immediate Release
October 14, 2010
Contact:   James Collins, Public Information Officer
               301-725-5300, ext. 244
                E-Mail: [email protected]

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