Maryland, January 22, 2026

Governor Wes Moore has proposed a significant investment of $73.7 million in his Fiscal Year 2027 budget aimed at revitalizing disinvested communities across Maryland. The funds will support 252 projects that focus on enhancing local infrastructure, fostering entrepreneurship, and promoting community resilience. The Maryland Department of Housing and Community Development will administer these funds, targeting various revitalization programs designed to create equitable opportunities and drive local economic growth.

Governor Moore Unveils $73.7 Million for Economic Growth in Maryland

Empowering Local Communities with Strategic Investments

ANNAPOLIS, MD — Governor Wes Moore has put forth a bold proposal in his Fiscal Year 2027 budget, allocating $73.7 million to foster revitalization and economic development across Maryland. This funding is designed to support 252 projects that focus on rejuvenating disinvested communities, showcasing a commitment to boost local entrepreneurship and community resilience.

The investments will be administered by the Maryland Department of Housing and Community Development, which aims to empower county and municipal governments, alongside community development organizations. The strategic funding not only addresses immediate community needs but also lays the groundwork for future economic growth by enhancing infrastructure, supporting local businesses, and encouraging renovations in areas requiring uplift.

Key Features of the Proposed Funding

• Total Proposed Funding: $73.7 million
• Number of Projects Funded: 252
• Administering Agency: Maryland Department of Housing and Community Development
• Target Areas: Disinvested communities across Maryland

In-Depth Look at Allocated Programs

The proposed funding is structured across six state revitalization programs, specifically designed to target various facets of community development:

• Strategic Demolition Fund: $10 million will support 27 projects, including roof replacement for low-income households, affordable housing development, and public space enhancement through systematic demolition efforts.
• Baltimore Regional Neighborhood Initiative: Allocating over $20.5 million for 78 projects to focus on housing rehabilitation, workforce development, and preserving historical buildings within the Baltimore Beltway.
• National Capital Strategic Economic Development Fund: Over $20.2 million for 33 initiatives aimed at activating vacant commercial spaces, establishing new grocery stores, and improving community centers around the Capital Beltway.
• Community Legacy Programs: More than $8 million for 48 projects within Sustainable Communities, which will include park development, childcare center rehabilitation, and improvements to historic properties.
• Maryland Facade Improvement Program: Over $5 million directed towards enhancing storefronts and commercial districts to retain the unique character of local areas while inviting new business engagement.
• Seed Community Development Anchor Institution Fund: Providing $10.2 million in grants and loans for community development from higher education institutions and hospitals focused on a variety of public service initiatives.

Focus on Just Communities

A significant portion of the proposed funding, $47.2 million, is allocated to Just Communities. These designated areas aim to repair historical inequities, reduce economic disparities, and create equitable opportunities for residents. This strategic focus reflects an understanding of the complex challenges that many disinvested areas face and highlights the state’s initiative to drive economic development in an inclusive manner.

Continued Commitment to Revitalization Initiatives

Governor Moore’s latest proposal builds upon previous efforts, including $69.5 million awarded in Fiscal Year 2026 and over $125 million allocated in May 2024 for State Revitalization Programs. These ongoing investments illustrate a steadfast commitment to creating resilient, economically competitive, and affordable communities throughout Maryland.

Conclusion: Preparing for a Prosperous Maryland

The proposed funding signifies a pivotal moment for Maryland, highlighting the importance of community-led initiatives and localized economic growth. As advancements are made, it is essential for residents and business owners to remain engaged and supportive of local endeavors that contribute to the overall health of the Baltimore MD business landscape. This investment serves not only to uplift disadvantaged communities but also to reinforce the fabric of Maryland’s economy as a whole.