Elements of Entrepreneurship – Financial Assistance

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At the Maryland Women’s Business Center (MWBC), we believe finances should not be a barrier to education. In partnership with the Women@Truist Business Resource Group of Truist Bank, we are offering financial assistance for aspiring entrepreneurs facing economic challenges. This support is specifically designed to enable individuals to participate in our 4-part webinar series, Elements of Entrepreneurship. The series aims to educate participants in the fundamental aspects of business ownership across four courses, guiding them from ideation to growth. While the series is priced at $25 per course, with our financial assistance program, all associated fees are fully covered.

Those applying for financial aid must verify their economic disadvantage by assessing their total household income, which is compared against the income limits set at 50% of the area or state median income by the Maryland Department of Housing and Community Development (2023).

50 Percent of Area or State Median (Montgomery, Frederick, and Prince George’s County)

Eligibility Requirements:

  • Applicant must confirm and attest to their median household income.
  • Applicant must have viable business idea at the time of application.
  • Applicant must write a brief statement about their business idea OR existing business. (300 words or less)
  • Applicant must reside in OR have a business located in the cities of Bowie, Frederick, or Rockville and/or the counties of Frederick, Montgomery, or Prince George’s.

Awardees Must:

  • Commit to attending the entire 4-part series.*
    • *If you cannot attend 4 consecutive courses, you can make up the course missed during the next round of the series. The series is repeated every other month.
  • Attend a minimum of 1 counseling session with an MWBC counselor within 2 months of completing the series.
  • Utilize the financial assistance within 6 months of the award date.
  • Create a GrowthWheel Academy account to attend the webinar series.

Financial assistance will be awarded at the discretion of the MWBC team on a rolling basis and subject to the availability of funds.