Increase infusion of growth capital to Howard County companies by 10% by 2025
Total capital infusion saw an upward trend since FY 2016, as FY 2018 was a high watermark due to a particular large leveraged capital deal. While demand continues to increase for the Catalyst Fund, the Catalyst Fund is projected to slow as its lending fund reaches full utilization. In order to balance the applicant pipeline, the HCEDA has redirected the strategy of its outreach to applicants to target the highest value opportunities. The baseline year for target completion is FY 2019.
- Continue to integrate education on growth capital opportunities into all business support activity.
- Increase promotion of Catalyst Fund and Agriculture Grant success stories through marketing channels to expand awareness.
- Provide finance support to small businesses that could otherwise not access capital.
Source: Howard County Economic Development Authority