Neil Muldrow Business Development Fund

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)