BALTIMORE (WJZ) — Lexington Market, along with the University of Maryland, Baltimore, and other financial groups are partnering to create the $1 Million Lexington Market Accelerator Fund.
The money will fill the need for small business owners, especially minority owners, who traditionally face barriers to accessing capital.READ MORE: CDC Releases Highly Anticipated Guidance For People Fully Vaccinated Against COVID-19
The loans range from $10,000 to $150,000 and are meant for the businesses and owners who will be part of the new market.READ MORE: President Joe Biden's Visit To Emergent BioSolutions' Baltimore Lab Canceled
That market is currently under construction and is expected to open next year.MORE NEWS: COVID In Maryland: Hospitalizations Under 800 First Time Since November
The fund was created in partnership with Baltimore Community Lending (BCL), University of Maryland, Baltimore, the T. Rowe Price Foundation.