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 incentive grants ranging from $2,500 to $10,000, distributed on a competitive basis, for capital projects that help farmers, forest product operations, and seafood processors expand or diversify their business operations through value added activities. The financial match required from the rural business must be at least equal to the amount requested from MARBIDCO.
The application deadline is Thursday, September 26, 2019, at 4 p.m. Applications received in the mail with a Saturday, September 21, 2019 postmark will also be accepted. Grant award announcements should be made by mid November 2019.
For more information about the MVAPG–CAO Program, contact Daniel Sweeney, MARBIDCO’s Financial Programs Associate, at (410) 267-6807 or visit MARBIDCO’s website at www.marbidco.org.
