Baltimore, December 24, 2025
The Downtown Partnership of Baltimore has opened applications for its BOOST Program, aimed at supporting Black-owned small retail businesses. The initiative provides grant funding between $20,000 and $100,000 to eligible applicants, with a focus on revitalizing Downtown storefronts while fostering economic growth and cultural diversity. The application process requires a comprehensive business plan and documentation to showcase the potential community impact. Training sessions for applicants are scheduled in early January, with the application deadline set for February 2, 2026.
Baltimore, Maryland – The Downtown Partnership of Baltimore has officially opened applications for its fourth cohort of the BOOST (Black-Owned and Operated Storefront Tenancy) Program, a commendable initiative designed to uplift Black-owned small retail businesses in the heart of the city. This program aims to revitalize vacant Downtown storefronts, fostering economic growth and cultural diversity in the area.
With the application deadline set for February 2, 2026, at 11:59 p.m. (EST), eligible applicants will have the chance to secure grant funding between $20,000 and $100,000. This funding will assist in covering costs related to capital improvements and startup expenses needed to launch a business in the 106-block improvement district overseen by the Downtown Partnership.
The application process demands a well-crafted business plan that outlines the economic viability and financial sustainability of the proposed business. Furthermore, applicants must illustrate how their enterprise will contribute to the community’s cultural vibrancy and overall vitality, aligning with the Downtown Partnership’s goal of reducing vacancies and enhancing amenities for residents and visitors.
Supporting Local Entrepreneurship
Entrepreneurial spirit thrives in Baltimore, where small businesses significantly contribute to the local economy. The BOOST Program not only provides financial support but also offers invaluable technical assistance. Through partnerships, such as with JPMorgan Chase’s Coaching for Impact program, selected participants will receive one-on-one business counsel tailored to ensure their success.
Additionally, the program will facilitate access to critical resources including assistance with permitting, compliance issues, and pre-opening planning. This comprehensive support structure demonstrates a commitment to empowering local entrepreneurs and enhancing the overall business climate in Baltimore.
Eligibility and Application Process
Locally owned small businesses operating in the sectors of Food/Beverage, Creative/Arts, Makers, and Services can apply for the BOOST Program. The application process spans six weeks, culminating in a selection announcement in March 2026. Key requirements include not only a detailed business plan but also documentation such as proof of Good Standing with the State of Maryland and potential storefront locations.
Additional Training and Resources
As part of the BOOST initiative, significant educational resources will be available to the selected businesses under the BOOSTing Business Program. This program aims to provide foundational education covering critical topics such as financial projections, lease negotiations, and marketing strategies. With the Maryland Small Business Development Center at the helm of this program, participants can expect targeted training that equips them with the skills needed for sustainable growth.
Community Impact and Economic Growth
The Downtown Partnership of Baltimore recognizes that each new business has the potential to bring life back to vacant spaces while enhancing the community’s cultural tapestry. The businesses supported through the BOOST Program will not only create local jobs but also foster an environment of entrepreneurship that encourages increased private investment in the area.
Conclusion
The BOOST Program represents a significant opportunity for aspiring Black entrepreneurs in Baltimore. By combining financial support with mentoring and educational resources, the Downtown Partnership is taking meaningful steps toward revitalizing the downtown area and strengthening its economic fabric. As the application deadline approaches, potential applicants are encouraged to take advantage of the available resources and training sessions to ensure their business aspirations can become a reality. Supporting local businesses is vital to Baltimore’s economic future; each new venture contributes to a vibrant community and a robust economy.
Frequently Asked Questions (FAQ)
What is the Downtown BOOST Program?
The Downtown BOOST Program is an initiative by the Downtown Partnership of Baltimore to support Black-owned small retail businesses by providing them with storefront tenancy in vacant Downtown locations.
Who is eligible to apply for the BOOST Program?
Locally owned small businesses in the sectors of Food/Beverage, Creative/Arts, Makers, and Services are eligible to apply.
What are the key dates for the application process?
The application process will be open for six weeks. Specific dates will be announced on our website and social media channels.
What information and documentation are required for the application?
Applicants must submit basic contact and demographic information, COVID-19 hardship eligibility, narrative responses, a written overview of fund usage, a proposed budget, a full business plan, financial statements, proof of Good Standing with the State of Maryland, and two potential locations.
How will the applications be evaluated?
Applications will be evaluated based on uniqueness, community impact, growth potential, and overall score.
What is the BOOSTing Business Program?
The BOOSTing Business Program provides foundational education and support to winning businesses, covering topics such as financial projections, lease negotiations, design/build-out, HR, customer experience, marketing, intellectual property, taxes and accounting, banking and credit, and insurance.
Who will be leading the BOOSTing Business Program?
The Small Business Development Center (SBDC) will lead the BOOSTing Business Program for Round 3.
What are the benefits of participating in the BOOST Program?
Selected participants will receive grant funding ranging from $20,000 to $100,000 to cover capital improvement and start-up costs for opening a business within the 106-block improvement district managed by the Downtown Partnership. They will also receive technical assistance, including support from JPMorgan Chase’s Coaching for Impact program, assistance with permitting, compliance, and pre-opening planning; marketing efforts from the Downtown Partnership’s marketing team; and business training from the Maryland Small Business Development Center.
Key Features of the Downtown BOOST Program
| Feature | Description |
|---|---|
| Grant Funding | Eligible participants can receive grants ranging from $20,000 to $100,000 to cover capital improvement and start-up costs for opening a business within the 106-block improvement district managed by the Downtown Partnership. |
| Technical Assistance | Participants will receive support from JPMorgan Chase’s Coaching for Impact program, which provides one-on-one counseling from business advisors, as well as assistance with permitting, compliance, and pre-opening planning. |
| Marketing Support | The Downtown Partnership’s marketing team will assist with marketing efforts to promote the new businesses. |
| Business Training | Training from the Maryland Small Business Development Center will be provided to help participants develop and sustain their operations. |
| Application Deadline | The application deadline is February 2, 2026, at 11:59 p.m. (EST). |
| Application Training Sessions | Training sessions will be held on January 7 and 8, 2026, to assist applicants in the application process. |
| Selection Announcement | Selected applicants will be announced in March 2026. |
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