Business Monthly: County Exec. Pittman & AAEDC Announce New Revitalization Tandem Grant

February 7, 2023

The Business Monthly reported on Anne Arundel County Executive Steuart Pittman and Interim CEO Jill Seamon announcing that business and property owners in the county’s 11 revitalization districts who apply and are approved for an Arundel Community Reinvestment (ACR) loan for up to $100,000 can receive a grant equal to 25 percent of the loan amount for façade improvements:

Pittman, AAEDC announce revitalization tandem grant initiative

The article highlighted the purpose of the ACR Fund – to spur economic activity and improvement in Anne Arundel County’s 11 Commercial Revitalization Districts, in the area at inner West Street in Annapolis from Church Circle to Chinquapin Round Road, and in the county’s one state-designated Enterprise Zone, in Brooklyn Park – and the eligible improvements that its loans cover.

It also included the following quote from Interim CEO Seamon:

“The grant is a great addition to our revitalization toolbox, which currently includes the ACRF program, the county’s revitalization tax credit and a complimentary ‘architect-on-call’ service,” said AAEDC Interim CEO Jill Seamon. “All together these resources can help renew economic vibrancy and mitigate blight in our mature commercial districts.”

Read the full press release on the announcement here.

Learn more about the ACR Fund here.

 

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