The MISSION of the Maryland Casino Business Investment Fund is to provide affordable and flexible financing to Maryland based small, minority, women and veteran owned businesses in order to build the recipients’ capacity to create jobs, build wealth and become a sustainable economic engine in its community.
MCBIF was established to provide financial assistance to Maryland businesses for working capital, the acquisition of equipment and owner-occupied real estate, business acquisitions, leasehold improvements, managerial and technical assistance, and the refinancing of existing debt.
The business must be located in the State of Maryland to qualify. Fifty-percent of the investment funds must go to businesses located in the designated zip codes surrounding the various casinos. The other fifty-percent of the investment funds can be available to businesses located anywhere in Maryland.