Hotel & Lodging Marketing & Recovery Grant Fund

The SWED Hotel & Lodging Marketing & Recovery Grant Fund (The Fund) is capitalized through the State of Maryland and offers working capital grants targeted at $6,000 to eligible accommodation providers primarily engaged in activities that, in accordance with the North American Industrial Classification System, would be included in Code 721110 (Hotels (except Casino Hotels) and Motels) or Code 721191 (Bed-and-Breakfast Inns).   

• For profit accommodations providers that are subject to the Maryland sales and use tax and Wicomico accommodations (room) tax
• Must be in good standing with Wicomico County, the municipality in which the establishment is located and the State of Maryland and have a Maryland Department of Assessment and Taxation ID Number
• Demonstrate a need for assistance
• If a franchised location, must be owned by a Maryland franchisee

Targeted grant amounts are $6,000 per application and priority is given to those hotel and lodging establishments that did not receive State of Maryland funding through the Maryland COVID-19 Small Business Emergency Loan or Grant Program, the SWED Hotel & Lodging Relief Grant Fund or any other federal, state or local source.

• Marketing & advertising expenses
• Normal operating costs (payroll, utilities, rent, job training)

An online application can be found at www.swed.org.  Please use this time to gather the information and documents needed for the application.   

The application period will open on Thursday, April 22, 2021 and close on Thursday, April 29, 2021 at 4:00 pm.

Grant awards will commence the week of May 3, 2021.     

Payment will be made by check. 

• W-9 form (can be found here: https://www.irs.gov/pub/irs-pdf/fw9.pdf)
• Maryland Department ID Number https://egov.maryland.gov/BusinessExpress/EntitySearch
• Federal Employer Identification Number

These funds are considered taxable.

‘Good Standing’ signifies the business is current in providing appropriate documentation to the State of Maryland and is current in various fees and tax payments. More information can be found here: https://dat.maryland.gov/businesses/Pages/Internet-Certificate-of-Status.aspx 

In Wicomico and each municipality of Wicomico, Good Standing means all room taxes, licenses, property taxes and any other liability to the jurisdiction is current.

Yes as long it is owned by a Maryland franchisee.  

Unfortunately we have no way of knowing how many qualified applications will be received. We will do our very best to fund as many eligible applicants as possible, prioritizing those that have not received previous grant funds from any federal, state or local source whatsoever. We anticipate high demand for the grant program and to help in processing, documentation, funding and follow-up, we’ve enlisted a third-party accounting firm. Fully complete applications will help in processing and ultimately deploying funds to our business community. Incomplete applications cannot be accepted.

Financial information will be kept confidential. The names of the businesses receiving grants and the amount of grant are public information.

Please email your questions to info@swed.org.