AAEDC Financial Solutions

Smart financing fuels strong businesses. From early-stage startups to growing companies, AAEDC’s financing and incentive programs are built to support growth, innovation, and long-term success across Anne Arundel County.

VOLT Fund

Ideal For: Small and minority-owned, women-owned, and Veteran-owned businesses in Maryland looking to start, grow, or expand operations.

Loan Amount: $25,000 – $500,000

Use of Funds: Business and commercial real estate acquisition, expansion, leasehold improvements, equipment purchases, and working capital available at below market interest rates.

VOLT Growth Fund

Ideal For: Established local high growth businesses that have developed an innovative product, that is expanding into new markets, increasing sales, and creating jobs.

Loan Amount: Up to $100,000

Use of Funds: Workforce, expansion, equipment and other growth-related investment with flexible long-term repayment options.

VOLT Microloan Fund

Ideal For: Small and minority-owned, women-owned, and Veteran-owned businesses that have been in business for at least 2 years, graduated a business accelerator program, and are seeking low-cost flexible, expansion capital.

Loan Amount: Up to $50,000

Use of Funds: Working capital, business vehicle purchases, equipment, leasehold improvements, and other legitimate business expenses that support revenue growth.

Next Stage Tech Fund

Ideal For: Technology companies serving the cybersecurity and national defense industries with fewer than 100 employees and less than $5 million in gross revenue that are looking to get started or expand.

Loan Amount: $50,000 – $250,000

Use of Funds: Working capital, leasehold improvements, cybersecurity compliance certifications, technology equipment, and operational growth needs available at below market interest rates.

Arundel Community Reinvestment (ACR) Fund

Ideal For: Businesses and property owners looking to make improvements to the exterior of a commercial property located in one of Anne Arundel County’s 11 Commercial Revitalization Districts

Loan Amount: Up to $100,000 (0% interest)

Use of Funds: Exterior building renovations, site improvements, façade upgrades, landscaping, and other exterior improvements that strengthen commercial corridors.

Economic Development Revenue Bonds

Ideal For: Manufacturers, eligible 501(c)(3) nonprofit organizations, and certain energy projects pursuing large-scale capital investments.

Loan Amount: Based on project size and financing structure

Use of Funds: Fixed-asset financing such as land acquisition, building construction, facility expansion, and major equipment purchases through tax-exempt bonds.

Grants That Support Growth and Recovery

AAEDC provides targeted grant programs that support long-term growth and resilience, including annual investment in Anne Arundel County’s agricultural community as well as responsive disaster relief efforts when businesses face unexpected challenges.

Agricultural Business Improvement Grant (ABIG)

Ideal For: Farm-based businesses and commercial watermen in Anne Arundel County.

Grant Amount: Matching grants up to $10,000 (one-to-one match required).

Use of Funds: Eligible projects include fencing, livestock, plant stock, equipment, and agricultural infrastructure improvements that increase efficiency, revenue, or operational capacity.

Arundel Community Reinvestment (ACR) Fund & Tandem Grant

Ideal For: Businesses and property owners looking to make improvements to the exterior of a commercial property located in one of Anne Arundel County’s 11 Commercial Revitalization Districts.

Loan Amount: Up to $100,000 (0% interest), with up to 50% (max $50,000) grant

Use of Funds: Exterior building renovations, site improvements, façade upgrades, landscaping, and other exterior improvements that strengthen commercial corridors.

Disaster Relief Grants

Ideal For: Businesses impacted by declared emergencies or disasters after a disaster or declared state of emergency.

Grant Amount: Varies by event and funding availability.

Use of Funds: Immediate recovery and operational relief to help stabilize, reopen, and move forward after a disaster or declared state of emergency.

Financial Solutions FAQs

Have questions about financing your business? AAEDC’s financial programs and loans are designed to support businesses at every stage, from startup to expansion, while making the process as clear and approachable as possible.

What types of financial programs does AAEDC offer?

AAEDC offers a range of financial solutions including loan programs, tax credits, grants, and bond financing. These programs are designed to support business growth, revitalization efforts, innovation, job creation, and recovery following unexpected disruptions.

Who is eligible to apply for AAEDC financial assistance?

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Does my business have to be located in Anne Arundel County to receive funding?

What documents do I need to submit when applying?

How do I know which financial program is right for my business?

Are there matching or equity requirements?

How long does the application and approval process take?

Can I apply for more than one AAEDC program?

Discover the Right Financial Path

Not sure where to start? Our team of experts can help identify the programs and incentives that make the most sense for your business.

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