Four small and/or minority-owned businesses have received financial assistance to help them grow and succeed throughout the state of Maryland.
The funding - totaling $976,000 in loans, equity investments, and lines of credit - will be used to support expansions and facility improvements, as well as for product development, working capital, and equipment purchases. The assistance comes from the state's MSBDFA program, a fund created in 1978 and managed by Meridian Management Group (MMG), a Baltimore-based professional asset manager for economic development and private equity funds.
The businesses receiving financial assistance include Agent of Change, LLC, a Waldorf woman-owned business that provides mental health counseling services; BingeNow, LLC, a Columbia-based early-stage tech company focused on digital video management and monetization for content creators; DAR Healthcare Services, LLC, a woman-owned medical firm that plans to relocate to Randallstown; and Everywhere Communications, Inc., a cellular and satellite data communications company located in Annapolis.
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