Baltimore Development Corporation
Baltimore Development Corporation (BDC) is a Baltimore, Maryland-based public charity and the City of Baltimore’s lead economic development organization. It supports business growth, investment, redevelopment, and economic opportunity in the city through business financing and property-improvement programs, as well as broader economic development work.
Baltimore Development Corporation at a glance
In short: Baltimore Development Corporation gave $1.3M across 22 grants in 2025 (avg $58K), mostly in Maryland. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,271,337
- Grants made (2025)
- 22
- Average grant
- $57,788
- Median grant
- $15,000
- Total assets
- $34,849,876
- +13.7% vs 2024
- Primary geography
- Maryland (93% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Baltimore Development Corporation
- How to Apply
-
For property-improvement grants, submit the Grant Application Request Form after reviewing eligibility and meeting with a BDC representative at the project site; receive approval before starting work. For loans, submit the Loan Intake Form and prepare the listed financial documents.
- Contact
Mailing address: 36 S Charles Street 2100, Baltimore, MD 21201
Phone: (410) 837-9305
Website: https://baltimoredevelopment.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Baltimore Development Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Emerging Technology Centers Inc ($749K). Together the top 10 received $1.1M.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 18 grants of 22 (82%).
Geographic Focus
Where this funder awards grants
BDC’s mission and programs concern Baltimore City. In 2025, 93% of its grant dollars went to recipients in Maryland and 7% to recipients in Georgia.
Grant Distribution by State
Share of 2025 grant dollars across all 22 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 22 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Emerging Technology Centers Inc Baltimore, MD | Pass-Through Funds to Cover Vendor's Payroll Expenses. | $748,856 |
| JLN Construction Services LLC Baltimore, MD | Facade Improvements | $139,270 |
| Brightview Landscape Atlanta, GA | Outdoor Spaces Improvements | $92,144 |
| Trend Walbrook Junction Investors LLC Baltimore, MD | Facade Improvements | $50,000 |
| Clipper Construction LLC DBA Clipper City Cafe Baltimore, MD | Facade Improvements | $22,500 |
| York Corridor Business Improvement District Management a Baltimore, MD | Facade Improvements | $22,187 |
| Nick's Rotisserie Baltimore, MD | Facade Improvements | $20,000 |
| Butchers LLC Baltimore, MD | Facade Improvements | $15,000 |
| Black Diamond Equity Garage LLC Baltimore, MD | Facade Improvements | $15,000 |
| DDB Workshop LLC Baltimore, MD | Facade Improvements | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $34,849,876 | $10,531,909 | $9,467,751 | $1,271,337 | 22 | $249,927 |
| 2024 | $30,646,132 | $2,618,286 | $9,915,996 | — | — | $952,947 |
| 2023 | $29,043,367 | $6,026,374 | $11,490,233 | — | — | $56,885 |
| 2022 | $34,390,220 | $7,592,660 | $9,959,023 | — | — | $142,569 |
| 2021 | $22,115,045 | $13,864,142 | $25,519,602 | — | — | $354,458 |
| 2020 | $31,908,066 | $9,152,119 | $11,168,406 | — | — | $383,981 |
| 2019 | $26,936,434 | $9,876,305 | $9,422,765 | — | — | $419,460 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
BDC’s mission is to grow Baltimore’s economy inclusively by retaining, expanding, and attracting businesses, promoting investment, and increasing career opportunities and wealth creation for city residents. It states a commitment to supporting people of color- and women-owned businesses and addressing the effects of institutional, structural, and systemic racism and sexism.
BDC’s website describes its Façade Improvement Grant as supporting exterior improvements to commercial properties and its Outdoor Spaces Grant as helping businesses improve outdoor areas. Its business loan programs can support working capital, business acquisition, leasehold improvements, and furniture, fixtures, machinery, and equipment. A 2024 filing also describes Made in Baltimore as a retail program for locally made products and lists site development costs, site acquisition, consulting, engineering, construction, and operations among its program activities.
Among organizations receiving BDC grants in 2025, Emerging Technology Centers Inc. describes its mission as fostering a community of tech-savvy, innovative, entrepreneurial people whose collaboration can accelerate growth and make an economic impact in Baltimore and beyond. Greater Baybrook Alliance Inc. describes its mission as catalyzing equitable development and reinvestment in the Brooklyn, Brooklyn Park, and Curtis Bay neighborhoods and empowering residents to strengthen the Baybrook community.
Grantmaking
In filing year 2025, BDC reported 22 grants totaling $1,271,337. Grant amounts ranged from $7,500 to $748,856, with a median of $15,000. The largest listed grant was $748,856 to Emerging Technology Centers Inc. for pass-through funds to cover a vendor’s payroll expenses. Other notable grants included $139,270 to JLN Construction Services LLC for façade improvements and $92,144 to Brightview Landscape for outdoor-space improvements. BDC also awarded $7,500 to Greater Baybrook Alliance Inc.
BDC’s website describes its property-improvement grants as reimbursement-based, subject to available funding and BDC approval before work begins. For the Façade Improvement Grant, it specifies a maximum award of $5,000 and a 1:1 match. Applicants for either property-improvement grant are asked to review program eligibility, meet with a BDC representative at the project site before applying, and wait for approval before beginning work; work completed beforehand is not eligible for reimbursement. The website directs applicants to submit a Grant Application Request Form. For business loans, it directs applicants to submit a Loan Intake Form; applicants should generally operate in Baltimore City or be relocating operations there, demonstrate sufficient cash flow for repayment, be current on taxes, and have no outstanding judgments or liens. Loan applicants should be prepared to provide personal and business tax returns, current bank statements, interim financials, and current debt schedules.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Colin Talbert as president and CEO; Augie Chiasera as chair; Jeffrey Hargrave as vice chair; and Arnold Williams CPA as immediate past chair. Directors listed are Elda Devarie, Jeffrey Fraley, Miriam Fuchs, Alice Kennedy, Carim Khouzami, and Michael Mocksten.
Baltimore Development Corporation is led by Colin Talbert, President & CEO on every filing since 2019; 6 of 21 officers listed in 2025 are compensated.
Officers on the 2025 filing
Colin Talbert
President & CEO
On filings since 2019
37.5 hrs/week
$210K (2020) → $267K (2025)
Augie Chiasera
Chair
Chairman → Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Daniel A. Taylor
Managing Director - Business & Neighborhood Development
Managing Director → Director Neighborhood Development, 2022
Director Neighborhood Development → Managing Director - Business & Neighborhood Development, 2025
On filings since 2019
37.5 hrs/week
$106K (2019) → $149K (2025)
Larisa Salamacha
Managing Director - Strategy, Research & Analytic
Director Business Development → Managing Director - Strategy, Research & Analytics, 2024
Managing Director - Strategy, Research & Analytics → Managing Director - Strategy, Research & Analytic, 2025
On filings since 2019
37.5 hrs/week
$115K (2019) → $132K (2025)
Angela Wells-Sims
Director
On filings since 2019
1 hr/week
No compensation reported
Elda Devarie
Director
On filings since 2019
1 hr/week
No compensation reported
Jeffrey Fraley
Director
On filings since 2019
1 hr/week
No compensation reported
Michael Walton
Director
On filings since 2019
1 hr/week
No compensation reported
Miriam Fuchs
Director
On filings since 2019
1 hr/week
No compensation reported
Paul E. Taylor
Director
On filings since 2019
1 hr/week
No compensation reported
Alice Kennedy
Director
On filings since 2020
1 hr/week
No compensation reported
Carim Khouzami
Director
On filings since 2022
1 hr/week
No compensation reported
Mohan Suntha
Director
On filings since 2022
1 hr/week
No compensation reported
Shelonda Stokes
Director
On filings since 2022
1 hr/week
No compensation reported
Justin Williams
Director
On filings since 2023
1 hr/week
No compensation reported
Michael Mocksten
Director
On filings since 2024
1 hr/week
No compensation reported
Kimberly Clark
Execuitve Vice President & Secretary
Executive Vice President → Executive Vice President & Secretary, 2024
Executive Vice President & Secretary → Execuitve Vice President & Secretary, 2025
On filings since 2019
37.5 hrs/week
$202K (2019) → $228K (2025)
Jeffrey Pillas
Chief Financial Officer
CFO → Chief Financial Officer, 2024
On filings since 2021
37.5 hrs/week
$121K (2021) → $168K (2025)
Chavel Dixon
Controller & Treasurer
On filings since 2024
37.5 hrs/week
$107K (2024) → $150K (2025)
Arnold Williams CPA
Immediate Past Chair
Director → Immediate Past Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Jeffrey Hargrave
Vice Chair
Director → Vice Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Former officers (17)
- Former: Nancy Jordan-Howard (2019–2024) — Chief Operating Officer
- Former: Dan Taylor (2024) — Managing Director - Business & Neighborhood Development
- Former: Deborah Tillet (2019–2023) — Director of Technology
- Former: Nancy Jordan Howard (2022–2023) — COO
- Former: Michael Moiseyev (2023) — Director
- Former: Christy Wyskiel (2019–2022) — Director
- Former: David Adamski (2019–2022) — Treasury Controller
- Former: Greg Cangialosi (2019–2022) — Director
- Former: Henry Raymond (2019–2022) — Director
- Former: Theodore Carter (2021–2022) — Director
- Former: Kristin Dawson (2022) — Senior Director
- Former: William Beckford (2019–2021) — Director of Neighboorhood
- Former: Charisse Hughes (2019–2020) — Director
- Former: Jeff Pillas (2019–2020) — CFO
- Former: Carolyn Mozell (2020) — Director
- Former: Michael Braverman (2019) — Director
- Former: William Cole (2019) — President & CEO
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $267K, to Colin Talbert (President & CEO). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Baltimore Development Corporation
How much does Baltimore Development Corporation give each year?
Baltimore Development Corporation gave $1.3M across 22 grants in 2025, according to its 2025 IRS Form 990.
What is Baltimore Development Corporation's typical grant size?
Baltimore Development Corporation's median grant in 2025 was $15,000, and its average grant was $57,788, across 22 grants on its 2025 IRS Form 990.
Where does Baltimore Development Corporation give grants?
Baltimore Development Corporation gives mostly in Maryland: 93% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Georgia (7%). The most frequent recipient cities were Baltimore, MD (21 grants).
Does Baltimore Development Corporation give general operating support?
Not in 2025: none of the 22 grants with a stated purpose on Baltimore Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Facade Improvements" (19 grants).
Who are Baltimore Development Corporation's largest grantees?
Baltimore Development Corporation's largest 2025 grantees include Emerging Technology Centers Inc ($748,856), JLN Construction Services LLC ($139,270) and Brightview Landscape ($92,144), according to its 2025 IRS Form 990. Together they received 77% of its itemized 2025 grant dollars.
How large is Baltimore Development Corporation?
Baltimore Development Corporation reported $34.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $10.5M.
What does Baltimore Development Corporation fund?
BDC’s mission is to grow Baltimore’s economy inclusively by retaining, expanding, and attracting businesses, promoting investment, and increasing career opportunities and wealth creation for city residents. See mission & focus areas ↑
How do I apply for a grant from Baltimore Development Corporation?
For property-improvement grants, submit the Grant Application Request Form after reviewing eligibility and meeting with a BDC representative at the project site; receive approval before starting work. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Baltimore Development Corporation's EIN?
Baltimore Development Corporation's EIN (Employer Identification Number) is 52-1744007. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS May 19, 2020)
Live grants for the work Baltimore Development Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Baltimore Development Corporation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Baltimore Development Corporation funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/baltimore-development-corporation-morg_ee954f244a8a46f0a32286a9bd8236dd
BibTeX
@misc{grantable_521744007_2026,
author = {{Grantable}},
title = {{Baltimore Development Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/baltimore-development-corporation-morg_ee954f244a8a46f0a32286a9bd8236dd},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Baltimore Development Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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