Created with the small business owner in mind, the state’s Video Lottery Terminal (VLT) fund uses proceeds from video lottery terminals (slots) to assist small, minority, and women owned businesses located in targeted areas surrounding six 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 County.
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 - VLT Small Business Flex Fund
1801 McCormick Drive, Suite 300
Largo, MD 20774
(301) 883-3610 (office)
Anne Arundel Economic Development Corporation - VOLT Fund
Stephen Primosch, Vice President, Financial Services
2660 Riva Road, Suite 200
Annapolis, MD 21401
(410) 222-7410
Meridian Management Group, Inc. - Maryland Casino Business Investment Fund
Randy Croxton, Chief Investment Officer
826 E. Baltimore St.
Baltimore, MD 21202
(410) 333-4270
Maryland Capital Enterprises Inc. - Video Lottery Terminal Fund
Maurice Ames, Director of Operations
144 East Main Street, Salisbury, MD 21803
(410) 546-1900
Baltimore County Economic Development - Boost Fund
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. - Video Lottery Terminal Revolving Loan Fund
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 - Catalyst Fund
Darshni Patel, MBA, Director of Business Incentive Programs
6751 Columbia Gateway Drive, Suite 500
Columbia, MD 21046
(410) 313-6512
Tri County Council for Western Maryland - State Lottery Terminal (SLot) Fund
Chris Funk, Business Development Loan Officer
11 S. Lee Street
Cumberland, MD 21502
(301) 689-1300
Montgomery County Economic Development Corporation - Accelerating Community Excellence (ACE) Loan Fund
Laurie M. Boyer Babb, CEcD, Director of Economic Development
1801 Rockville Pike, Suite 320
Rockville, MD 20852
(240) 641- 6704
