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The Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO) has announced a grant incentive funding opportunity to encourage Maryland’s agricultural producers to expand or diversify their business operations by installing capital assets (equipment and fixtures) to make a product that is “value added.” Eligible applicants must be a crop or livestock producer or processor, agricultural cooperative, seafood processor, or primary or secondary timber products processor, and have been in business for a minimum of two years.
MARBIDCO will offer grants of between $2,500 and $15,000, distributed on a competitive basis, for capital projects that help farmers, forest product operations, and seafood processors to expand or diversify their business operations. The financial match required from the rural business must be at least equal to the amount requested from MARBIDCO.
The submission deadline for applicants seeking to receive Maryland Value Added Producer Grants – Capital Assets Option Program (MVAPG–CAO) grants from MARBIDCO is Tuesday, October 18, 2016; no later than 4:00 p.m. at the MARBIDCO office in Annapolis. (Applications received in the mail with a Friday, October 14, 2016, postmark will also be accepted.) Late applications will not be accepted. Grant award announcements will be made in November 2016.
Further information about the MVAPG–CAO Program may also be obtained by contacting Andra Davis, MARBIDCO Financial Programs Specialist, at (410) 267-6807, or by clicking here to find Frequently Asked Questions and here for a PDF of the MVAPG-CAO Program application form.
If you are interested in this grant, and would like BAM to review your proposal, please contact Janna.
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