Neil Muldrow Business Development Fund

The Neil Muldrow Business Development Fund was created to aid small businesses who wish to locate or expand in Central Baltimore. During the past two years, the program has also offered essential assistance to small businesses to meet the challenges of the pandemic.

Launched in 2018, the Muldrow Fund honors the lifelong work of  Ackneil Muldrow, who was devoted to minority-owned small businesses and among many contributions, founded and led the Development Credit Fund, Baltimore’s first collaborative effort to finance African-American businesses.  

The Muldrow Fund encourages locally-owned businesses to locate or expand in the growing Station North Arts District, along Greenmount Avenue, in the Waverly Main Street area and in other Central Baltimore business hubs. 

The Fund offers grants and loans in four key ways: 

• The Commercial Facade Restoration Program provides a one-to-one matching grant to support storefront rehabilitation designed to improve the aesthetics of the building and the commercial corridor.

• The Tenant Build-Up Program helps retailers, building owners, and cultural organizations meet the high costs of renovating long-vacant buildings. 

• Technical Assistance is offered via a wide array of services including free design services to support façade rehabilitation and tenant fit-out, marketing via social media platforms, identifying lending institutions to support business expansion, and helping businesses plan experiential (memorable!) marketing events designed to generate foot traffic and revenue.

• Investment Funds targeted to Station North and the Greenmount corridor encourage acquisition and redevelopment of vacant and underused buildings and contribute to enhanced public spaces. 

For more information about the Neil Muldrow Small Business Development Fund, contact Jack Danna, Commercial Revitalization Director, 410-702-5193 or jdanna@centralbaltimore.org