Feds award Maryland $10 million for small business program

Maryland will be the first state to receive funding under the federal Small Business Opportunity Program, a $10 million grant the state and federal officials said will help grow underserved small businesses in the Maryland region. The $10 million grant to the state is part of $75 million set aside for small businesses as part of the American Rescue Plan Act. Gov Wes Moore (D) said Monday that the program could have far reaching benefits.