FAQ

This bill establishes a program within the Maryland Department of Commerce to support the creation and development of diverse and effective business incubators. It provides financial assistance, resources, and advocacy to help incubators thrive and support underrepresented entrepreneurs across Maryland.

Maryland will lead the nation by creating the first B.R.I.D.G.E. Program. It addresses the lack of investment in economically and socially depressed areas defined as HUB Zones and Opportunity zones. It supports entrepreneurs who have historically faced barriers to accessing venture capital and resources.

The program takes effect on July 1, 2025, and will run until December 31, 2032.

The Governor may allocate $5 million annually to the program from fiscal years 2026 through 2032. Grants will be awarded through a competitive application process.

Grants can support investment into startups and existing businesses, best practices in incubation, strategic planning, needs assessments, feasibility studies, operational costs, and construction of new spaces and renovations of existing incubators.

Veteran-owned incubators, social enterprises, for-profit and nonprofit organizations, B-corporations, and public-private partnerships are eligible to apply for the grants to support their incubators.

Foster innovation, support diverse entrepreneurs in HUB and Opportunity Zones, promote inclusion in Maryland’s business ecosystem, and address disparities in investment opportunities.

The program emphasizes building inclusive cultures, neighborhood-based micro-incubation initiatives, and tailored resources to make entrepreneurial support more accessible and attractive to underrepresented groups.

By submitting support letters to local representatives, signing the petition on the B.R.I.D.G.E. Program’s official website, raising awareness, attending hearings in Annapolis, advocating for the program, contacting state legislators, and engaging with incubator leaders.

For the most current details, visit www.bridgethegapmd.org, the Maryland General Assembly’s website (https://mgaleg.maryland.gov), or contact your local representative’s office.

The program includes strategic planning, training, networking opportunities, and access to a network of subject-matter experts to guide the development of successful incubators.

Each incubator must submit a report annually to The Department of Commerce detailing use of funds and impact. The Department of Commerce must report programmatic progress and impact to the Maryland General Assembly, ensuring transparency and continuous improvement.