Howard County Economic Development Authority (HCEDA): Funding Innovation, Growth and Opportunities

In Howard County, businesses flourish under the guidance of the Howard County Economic Development Authority (HCEDA). As a pivotal force in our county’s economic landscape, HCEDA is committed to fostering growth and opportunity for businesses of all sizes. Through innovative programs and strategic initiatives, we fuel the engine of Howard County’s small business development, ensuring that entrepreneurs have the support they need to thrive.

Supporting Small Businesses

At HCEDA, we believe in the power of small businesses to drive economic vitality. That’s why we’ve made developing small businesses across Howard County a cornerstone of our mission. Through initiatives like the Catalyst Fund, we provide essential funding to small businesses, issuing loans totaling $19 million since 2014. These investments have not only created over 900 new jobs but also preserved countless others, ensuring the resilience of our local economy. Moreover, our commitment to Howard County small business grants has resulted in the distribution of 2,336 grants, offering crucial support to entrepreneurs navigating challenges and seizing opportunities.

Fostering Innovation

Innovation is the lifeblood of any thriving business community, and at HCEDA, we’re dedicated to fostering a culture of innovation in Howard County. Our BRITE and MIC programs exemplify this commitment, offering mentoring and educational sessions to over 400 businesses. Through these initiatives, entrepreneurs gain the knowledge and skills needed to innovate and adapt in an ever-changing market landscape. By nurturing a culture of creativity and ingenuity, we empower businesses to stay ahead of the curve and drive sustainable growth.

Creating Opportunities

At HCEDA, we are passionate about creating opportunities for businesses of all sizes in Howard County. Through strategic initiatives and targeted investments, we empower entrepreneurs to realize their full potential. Our commitment to Howard County small business grants underscores our dedication to providing crucial support to those navigating the challenges of business ownership. Here’s how we’re making a difference:

• Facilitated $515,275,301 in capital investment in 2023 alone, providing businesses with the resources needed for growth.
• Helped create 303 new jobs, contributing to the economic prosperity of Howard County.
• Championed inclusivity and accessibility, ensuring every entrepreneur has access to opportunities for growth and success.

With our focus on Howard County small business development and our unwavering dedication to fostering innovation and growth, we’re shaping a brighter future for businesses in our community. Join us in our mission to create a thriving business ecosystem where every entrepreneur can thrive.

Forging Ahead to a Better Future

Howard County is a thriving community that continues to attract businesses seeking growth and prosperity. Our county’s economic momentum is not a stroke of luck; it’s the result of strategic partnerships, innovative programs, and unwavering commitment. As we look ahead to the future, we’re filled with excitement and optimism for what lies ahead.

With our unwavering commitment to Howard County small business development and our dedication to fostering innovation and creating opportunities, we’re confident that together, we can continue to build a brighter future for Howard County businesses. Join us on this journey of growth and empowerment, and together, let’s shape the future of Howard County’s economy.