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Small, Minority and Women-Owned Business Account - Video Lottery Terminal Fund (VLT)

​​​​​​​​​​VLT provides for 1.5% of the proceeds from video lottery terminals (slots) to be distributed in targeted areas surrounding five Maryland casinos: Maryland Live in Anne Arundel County, Hollywood Casino Perryville in Cecil County, Rocky Gap in Allegany County, Ocean Downs in Worcester County, Horseshoe Casino in Baltimore City, and National Harbor in Prince George's (expected to open Fall of 2016). 

BENEFITS

At least 50% of the VLT allocations will be deployed to small, minority and women-owned businesses located within certain  targeted areas of the six casinos. The other 50% will be available to small, minority and women-owned businesses located throughout Maryland.

ELIGIBILITY

Eligible Fund Managers oversee the distribution of video lottery terminal funds.

APPLY

For more information about VLT contact the fund manager in your area:

FSC First
Dawn R. Medley, Vice President, Business Finance Programs
1801 McCormick Drive
Suite 300
Largo, MD 20774
(301) ​​883-6900

Anne Arundel Economic Development Corporation
Stephen Primosch, Vice President, Financial Services
2660 Riva Road, Suite 200
Annapolis, MD 21401
(410) 222-7410
 
Meridian Management Group, Inc.
Randy Croxton, Chief Investment Officer
826 E. Baltimore St.
Baltimore, MD 21202
(410) 333-4270
 
Maryland Capital Enterprises Inc.
George Koste, Executive Director
P.O. Box 213, 144 East Main Street, Salisbury, MD 21803
(410) 546-1900
 
Baltimore County, Maryland
Stanley Jacobs, Chief Lending Officer
C/O Department of Economic and Workforce Development
400 Washington Avenue, Suite 100
Towson, MD. 21204
(410) 887-8000
 
City of Baltimore Development Corp.
Jeffrey P. Pillas, Vice President & Chief Financial Officer
36 S. Charles Street, Suite 1600
Baltimore, MD 21201
(410) 837-9305
 
Howard County Economic Development Authority
Beth Woodring​, Vice President of Finance & Strategic Initiatives
6751 Columbia Gateway Drive, Suite 500
Columbia MD. 21046
(410) 313-6500
 
Tri County Council for Western Maryland
Leanne Mazer, Executive Director
One Technology Drive, Suite 1000
Frostburg MD. 21532
(301) 689-1300