Maryland’s new HUBZone designations open doors for small businesses

ANNAPOLIS, MD—Governor Wes Moore this week announced that Maryland is better positioned to compete for federal contracts for small businesses located in historically underutilized areas thanks to new HUBZone designations. The designations are a result of the governor’s office submitting a petition to the U.S. Small Business Administration, which allows the state to choose areas in need of economic development. […]

Baltimore County man, woman plead guilty to fraudulently obtaining over $300,000 in COVID-19 CARES Act loans

BALTIMORE, MD—A Baltimore County man and woman have pleaded guilty to fraudulently obtaining more than $300,000 in federal COVID-19 CARES Act loans. Theodore Mouzon, 42, of Pikesville, has pleaded guilty to conspiracy to commit wire fraud, relating to the submission of fraudulent CARES Act loan applications. Co-defendant Yannice Nunez, 34, of Baltimore County, pleaded guilty to the same charge on […]

Former Maryland social media influencer sentenced to 3 years in prison for scheming to obtain over $1.2 million in COVID-19 CARES Act loans

GREENBELT, MD—A Maryland man has been sentenced to prison in connection with a scheme to fraudulently obtain more than $1.2 million in federal relief loans. U.S. District Judge Deborah L. Boardman has sentenced Denish Sahadevan, a/k/a “Danny Devan,” 32, of Potomac, to three years in federal prison, followed by three years of supervised release, for wire fraud, aggravated identity theft […]

Governor Moore announces record federal funding to support international efforts for Maryland small businesses

ANNAPOLIS, MD—Governor Wes Moore this week announced that the Maryland Department of Commerce has received a $750,000 grant from the U.S. Small Business Administration to broaden the state’s international reach and help companies create jobs and access new foreign markets. The funding is the highest single award that the department has ever received through the State Trade Expansion Program, which […]

Governor Moore announces $15 million available for small business relief

ANNAPOLIS, MD—Governor Wes Moore this week announced a $15 million commitment to minority-led small business lender Lendistry to provide relief to Maryland small businesses. The commitment is the latest investment through the State Small Business Credit Initiative, through which Maryland is deploying up to $198 million in federal relief. “As the first Community Development Fund Institution to begin offering loans […]

Baltimore man, previously convicted for bank fraud, facing federal charges for filing fraudulent applications for COVID-19 CARES Act loans and unemployment benefits

BALTIMORE, MD—A Baltimore man who was previously convicted on bank fraud and aggravated identity theft charges is now facing federal charges for filing fraudulent applications for COVID-19 CARES Act loans and unemployment benefits. A federal criminal complaint has been filed charging Ryan Dales, 34, with wire fraud, relating to the submission of fraudulent applications for unemployment insurance (UI) benefits, a […]

Shop local on Small Business Saturday in the Nottingham area

NOTTINGHAM, MD—Saturday, November 26, 2022 is Small Business Saturday – a day to celebrate and support small businesses and all they do for their communities. Founded by American Express in 2010 and officially co-sponsored by SBA since 2011, Small Business Saturday has become an important part of small businesses’ busiest shopping season. Historically, reported projected spending among U.S. consumers who […]

Maryland U.S. Attorney’s Office collects over $26 million in civil, criminal actions for U.S. taxpayers in FY 2021

BALTIMORE, MD—U.S. Attorney Erek L. Barron this week announced that financial collections in criminal and civil actions in Fiscal Year (FY) 2021 in the District of Maryland reached $26,206,937.09. The U.S. Department of Justice keeps statistics on a fiscal year basis, closing the books each September 30th. “Thanks to the hard work and dedication of employees of the U.S. Attorney’s […]