Annapolis is a growing community consisting of an increasingly diverse population. This diversity provides for a vibrant community that promotes growth. The City believes that all of its citizens should benefit from this economic growth, without regard to race, color, religion or economic status. To that end, the City is committed to creating an environment that expands the prosperity of minority- and woman-owned businesses, cultivates mutually beneficial partnerships, and engages the community to improve the quality of life for all citizens of the city.

Minority Business Financing and Opportunities 

Minority Owned Business Certification

Governor’s Office of Small, Minority, & Women Business Affairs - 410-697-9600 

MBE certification is a very valuable tool for minority- and women-owned businesses seeking State procurement and contracting opportunities. MBE firms are able to distinguish themselves from their competitors because, while any business may perform on a State contract, only MBE certified firms can fulfill minority participation goals. Small, minority- and women-owned firms that meet the eligibility standards of the MBE Program are encouraged to seek certification. 

Maryland Small Business Development Financing Authority (MSBDFA)

MD Department of Commerce, Office of Finance Programs - 877-821-0099

MSBDFA promotes the viability and expansion of businesses owned by economically and socially disadvantaged entrepreneurs. Specialized financing and incentive resources are available for small businesses, veteran-owned businesses and minority and women-owned businesses. MSBDFA uses may include working capital, supplies and materials, machinery and equipment acquisition, land acquisition or real estate improvements. 

VOLT Fund

Anne Arundel Economic Development Corporation - 410-222-7410

Small and minority, women and veteran owned businesses in Maryland may be eligible for loans through the VOLT Fund. Loans are between $25,000 to $500,000 for purposes such as business and commercial real estate acquisition and expansion, lease-hold improvements, equipment, and working capital.

Minority- & Woman-Owned Business Support 

The links below provide a few organizations in the region and beyond dedicated to supporting and assisting minority- and women-owned businesses.

Capital Region Minority Supplier Development Council

Maryland Governor’s Ethnic Commissions

Maryland Governor’s Office of Minority Affairs

Maryland Veteran Entrepreneurs

Maryland Washington Minority Companies Association

Minority Business Development Agency

Morgan State University Entrepreneurial Development & Assistance Center (EDAC)

National Minority Business Council

U.S. Small Business Administration Office of Women’s Business Ownership

Recursos del Negocio

The City of Annapolis is pleased to connect Spanish speaking entrepreneurs with helpful resources. Entrepreneurs are encouraged to contact the City’s Economic Development Division with any questions. 

Abriendo Un Negocio en Annapolis  (video en español) 

Center of Help

Governor’s Commission on Hispanic Affairs

Latino Economic Development Center

Maryland Hispanic Chamber of Commerce

Maryland Small Business Development Centro Hispano de Negocios

U.S. Hispanic Chamber of Commerce