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The Maryland Agricultural and Resource-Based Industry Development Corporation, known as 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 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, Sept. 26 at 4 p.m. Applications received in the mail with a Saturday, Sept. 21 postmark will also be accepted. Grant award announcements should be made by mid-November.
For more information about the MVAPG-CAO Program, contact Daniel Sweeney, MARBIDCO’s financial programs associate, at 410-267-6807