Neil Muldrow Business Development Fund

Neil Muldrow Business Development Fund

Status: Currently unfunded and paused as of December 2025. CBP is actively working to secure additional resources.

Overview: The Neil Muldrow Business Development Fund was created to aid small businesses who wish to locate or expand in Central Baltimore. During the past two years, the program has also offered essential assistance to small businesses to meet pandemic-related challenges.

Fund History

• Launched: 2018
• Named After: Ackneil Muldrow, devoted to minority-owned small businesses, founder and leader of the Development Credit Fund (Baltimore's first collaborative effort to finance African-American businesses)

Geographic Focus

• Station North Arts District
• Greenmount Avenue corridor
• Waverly Main Street area
• Other Central Baltimore business hubs

Types of Support Offered

1. Commercial Facade Restoration Program

One-to-one matching grant

Supports storefront rehabilitation

Improves building aesthetics and commercial corridor appeal

2. Tenant Build-Up Program

Helps retailers, building owners, and cultural organizations

Covers high costs of renovating long-vacant buildings

3. Technical Assistance

Free design services for façade rehabilitation and tenant fit-out

Marketing via social media platforms

Identifying lending institutions for business expansion

Planning experiential marketing events to generate foot traffic and revenue

4. Investment Funds

Targeted to Station North and Greenmount corridor

Encourage acquisition and redevelopment of vacant and underused buildings

Contribute to enhanced public spaces

Eligibility

• Locally-owned businesses
• Businesses seeking to locate or expand in eligible areas

Current Status (December 2025)

The Fund is paused while CBP fundraises. CBP is actively working to secure additional resources from State Neighborhood Revitalization programs and other public and private sources.

Contact Information

Jack Danna, Commercial Revitalization Director
• Email: jdanna@centralbaltimore.org

Theresa Robertson, Community Revitalization Manager

Email: trobertson@centralbaltimore.org

(For additional small business support questions)