Baltimore County announced the latest recipients of its Boost Fund loans on Thursday. The loans are awarded to minority- and women-owned small businesses.
The latest batch of recipients are distinctly technology-focused, with edtech, cybersecurity and environmental technology companies being well represented. That was a result of outreach by Baltimore County officials to incubators and startups. Given the constant need for access to capital, the companies replied.
Here’s who was selected, how much they’re getting and where they’re located:
- Amethyst Technologies $100,000 loan for working capital (bwtech@UMBC)
- Airphoton $50,000 loan for working capital (bwtech@UMBC)
- Allovue $25,000 for working capital (Baltimore City)
- LessonCast Learning $50,000 for working capital (TU Incubator)
- Light Point Security $105,000 for working capital (bwtech@UMBC)
- RedShred $100,000 for working capital (bwtech@UMBC)
- VacPac $150,000 for building improvements and equipment as it moves to Middle River
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