Description: MARBICO helps Maryland small and family-owned farms, forestry and seafood businesses through targeted financial services including accessing capital and credit, business planning and other services.
farm (4042) maryland (3943) agriculture (3941) seafood (2331) loans (2052) loan (1839) grants (892) forestry (479) aquaculture (361) family owned farms (1)
Photo: Maryland Public Television Maryland Agricultural & Resource Based-Industry Development Corporation MARBIDCO and the State of Maryland provide Maryland agriculture and rural businesses with the resources they need to grow and remain sustainable in today's marketplace.
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For the first three years of the program, only Generational Watermen are eligible to apply. A “Generational Waterman” is a licensed (TFL-holding) commercial waterman who can demonstrate that 50% or more of the waterman’s annual income was derived from commercial seafood harvesting. Eligible tangible equipment that may be purchased include boats, motors, and harvesting gear. The equipment purchased must have a useful lifespan of at least 7 years. Loan amount is between $7,000, minimum, with a maximum of $15,
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