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America’s foundation was built on the
vision of individuals who risked everything to start anew. The idea that one
could arrive in the United States with little to nothing and build a life
fueled an insurgence of entrepreneurs from across the globe. The “American
Dream” is real, and Baltimore’s small business community is a magnet for the
minds that are driving innovation and technology in varying industries
nationwide.
In February I
launched Baltimore City Source Link in collaboration with the
Baltimore Development Corporation, to open the exchange of information and
resources among entrepreneurs, small businesses and service providers.
Through my office of Minority and
Women-Owned Business Development, I am working to help those who are
historically underrepresented and have unique challenges in accessing support
in areas ranging from capital access to skills training.
Building on Baltimore’s small business
community has helped solidify our reputation as a world-class start-up
city. Many of our neighborhoods are anchored by local entrepreneur businesses
that generate economic benefits from job creation to community reinvestment. These thriving small businesses offer opportunities for
inclusion.
Nationally, nine out of ten new jobs are created by small
businesses which is why we focus on helping
entrepreneurs and small business owners identify the right resources to ensure
their growth and prosperity.
There are numerous incentives
available when opening a business in Baltimore.
As a Welcoming City, I am proud to
offer other resources at city-supported incubators like Impact
Hub Baltimore,
ETC
Baltimore, and the Latino
Economic Development Center that serves
City residents and supports targeted businesses, like mission-based enterprises
and culturally-centered companies.
Our strength is in our diversity, and
Baltimore’s immigrant business community is one of the fastest growing segments
of our local economy. A remarkable 21% of local businesses are owned by new
Americans who have generated more than 1.3 billion dollars in revenue for our
city.
As we consider Baltimore’s existing
assets and growth potential, regardless of the size, type or stage - local
businesses are key to defining our market – and I am committed to ensuring that
everyone has an equal opportunity to scale and grow their ventures with ample
support.
Baltimore’s business community is diverse,
smart and driven. From the emerging fashion designer to tech savvy innovators
to global brands, our City has an economy that is growing. I encourage everyone
to support our City businesses and to those who have an idea, seek out the
resources available and start one of your own.
On Monday, May 16th MWBD will host the
final workshop of our Baltimore
City Vendor Development Seminar Series. This week’s topic is Market
Opportunities in Baltimore City Government which is designed to provide
pertinent information to those interested in competing for government
contracts. Follow this link
to learn more and register.
Sincerely,
Stephanie Rawlings-Blake
Mayor
City of Baltimore
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