The Program
The SWED Ag Grant Fund is capitalized through a partnership between SWED, Wicomico County, PNC Bank and the Maryland Agricultural & Resource Based Industry Development Corporation (MARBIDCO) through MARBIDCO’s Local Government Agriculture & Resource Based Industry Project Cost Share Program. The goal of the program is to help foster growth in Wicomico’s emerging agriculture and resource-based industries.
NOTE: Please call SWED at 410-749-1251 to discuss your project prior to applying. Thank you.
General Terms, Conditions and Eligibility
- For profit existing and emerging agricultural and resource-based businesses located in Wicomico County, Maryland
- Business must be registered and in Good Standing with State of MD and Wicomico County
- Any project co-funded by SWED and MARBICO should assist in some fashion Wicomico County’s farming, forestry or seafood industries (including agritourism businesses); Businesses that facilitate in the production of foodstuffs or other goods that grow in the soil or water, the packaging, processing, or marketing of such products are generally also eligible
- The applicant is required to make a financial contribution to the project of at least 50% of project cost
- All applications must be submitted by SWED to MARBIDCO. Final approval is at the sole discretion MARBIDCO.
- Please review the FAQ’s for this program as they are an integral part of determining eligibility
Grant Amount, Terms
- Targeted grant amounts are $2,500 or less per applicant, matched by MARBIDCO (subject to change pending volume of applications). The applicant must invest at least 50% of the project cost.
- The maximum amount of all grants combined cannot exceed $25,000 annually and MARBIDCO’s participation cannot exceed the local amount.
- All grant awards will be on a reimbursement basis. Successful applicants must enter into a grant agreement with SWED and provide quotes before beginning the project and receipts of expenditures upon project completion or any other documentation required by SWED or MARBIDCO
- Due to limited funds, grants are limited to one per enterprise annually (inclusive of related enterprises)
- The program is dependent upon available funds from both SWED and MARBIDCO and may be discontinued at any time.
- Please review the FAQ’s for this program as they are an integral part of determining eligibility