Hartford County approves seventh loan to support local businesses in Bel Air

June 03, 2025 | Harford County, Maryland


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Hartford County approves seventh loan to support local businesses in Bel Air
Harford County Council members gathered on June 3, 2025, to discuss significant developments in local economic initiatives, particularly focusing on a loan fund aimed at expanding the county's economic base. The council is considering a resolution to approve a new loan, which, if passed, would mark the seventh loan issued under this program, bringing the total amount disbursed to $670,000.

The loan fund is designed to support businesses throughout Harford County, regardless of their location within or outside municipal boundaries. Councilman Bennett raised a pertinent question regarding the application process, emphasizing the importance of understanding the tax and revenue impacts of loan recipients. The response highlighted that all businesses meeting the criteria are eligible, with a thorough review process ensuring that taxpayer dollars are used effectively to foster job creation and capital improvements.

Council members expressed enthusiasm for the program, noting its role in revitalizing downtown Bel Air and enhancing the visibility of local businesses. Councilman Jandrick Downey shared his positive observations about the bustling activity in Bel Air, attributing it to ongoing efforts to modernize and upgrade buildings in the area.

In addition to the loan discussions, there was a suggestion to create a dot map to visualize the distribution of loan recipients across the county. This initiative aims to ensure that the benefits of the program are spread evenly, avoiding concentration in specific areas.

The council plans to review the loan proposal in their next meeting, with a report detailing the existing loans and their geographic distribution expected by July 1. This ongoing commitment to supporting local businesses reflects the council's dedication to fostering economic growth and community development in Harford County.

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