About Anne Arundel Economic Development
To foster diverse economic growth by empowering businesses, expanding job opportunities, and revitalizing communities in Anne Arundel County.
Focus Areas
Economic developmentSmall business support and technical assistanceAccess to capital / loan programs (VOLT, VOLT Microloan, Next Stage Tech Fund, ACR Fund)Technology / cyber / defense industry supportAgriculture (grants and programs)Maritime sector supportCommunity revitalization and placemakingWorkforce development and trainingEntrepreneurship cohorts and mentorship
Who They Fund
small businesses / local entrepreneursunderserved/inclusive entrepreneurs
About Anne Arundel Economic Development
Anne Arundel Economic Development Corporation uses grants and business financing to support economic growth in Anne Arundel County. Recent awards show a strong mix of operating support, loan capital, and direct aid to local businesses, alongside targeted help for entrepreneurs in the Inclusive Ventures Program and recovery support after the Key Bridge disruption. The largest recent grant, $110,000 to the University of Maryland Division of Research, was listed as operating support. Other sizeable awards went to Amusement Products for the VOLT loan program and to William Holmes Consulting through Inclusive Ventures. The foundation’s grantmaking is closely tied to business development and community revitalization rather than broad philanthropic giving. Its programs reach small businesses, minority-owned businesses, women-owned businesses, Veteran-owned businesses, and firms seeking technical assistance or financing. Recent grantees also include Pips Dock Street Dogs LLC under a disaster grant and Seasalt Restaurant under an ACR grant, showing that the corporation combines growth capital with stabilization support for businesses affected by local conditions. That mix fits its stated purpose of fostering diverse economic growth, expanding job opportunities, and revitalizing communities in Anne Arundel County.
What Anne Arundel Economic Development Funds
Economic development is the center of the corporation’s grantmaking. It gave $110,000 to the University of Maryland Division of Research for operating support, and it backed local business activity through $20,000 to Riva Road Development LLC under the VOLT loan program. Small business support appears through cohort-based and financing tools. William Holmes Consulting received $59,600 through Inclusive Ventures, while Alchemi Design and Publications received $10,000 through the same program. Those grants align with the corporation’s business education, mentorship, and capital-access approach for minority-owned, women-owned, and Veteran-owned businesses. Workforce and recovery support also show up in the recent grants list. Omnyon LLC received $7,315 for workforce training, and Pips Dock Street Dogs LLC received $44,333 as a VOLT disaster grant. Agriculture is present as well: New Roots Farm received $10,000 for an ag mini grant.
How Anne Arundel Economic Development Gives
Financial Snapshot
Annual Giving
$137K
Total Assets
$10.2M
Total Revenue
$4.4M
Total Expenses
$4.5M
Typical Grant Size
Most grants fall between $9K and $24K, with a median of $13K.
25th Percentile
$9K
Median
$13K
75th Percentile
$24K
Geographic Reach
Regional6 states funded
Funding intensity
LowHigh
Headquarters
Leadership
ERIC DEVITO
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