- Published: 09 September 2022 09 September 2022
The Maryland Energy Administration (MEA) is excited to announce $1.6 million in available funding for the Fiscal Year 2023 (FY23) Maryland Offshore Wind Capital Expenditure Grant Program. This program will assist new or existing emerging businesses enter the offshore wind supply chain in Maryland by offsetting their capital expenditure investments.
Proposed projects must provide a positive net economic benefit to the state and local communities through job opportunities while encouraging diversity, inclusion, and equity in their business operations. Proposed projects should also be designed to serve the larger U.S. offshore wind market and related industries.
MEA calculates grant awards as 50% of the total project costs. Grant awards may not exceed $400,000. Applicants must contribute at least 50% of the total project costs as matching funds or in-kind services. The program is open to emerging businesses, including minority-owned emerging businesses located in, or relocating to Maryland.