Maryland Board of Public Works Approves Worcester County Application for Small Business Loans

In January, Worcester County, home to the Ocean Downs Casino, strategically aligned with Anne Arundel County, home to the Maryland Live Casino, and applied to the State to manage loan funds generated from casino proceeds. With the application now approved, Worcester County will receive approximately $430,000 annually for business loans beginning July 1, 2013.
Fifty-percent of Worcester funds must be used within a 10-mile radius of the Ocean Downs Casino. Worcester County Economic Development will begin accepting applications for loans ranging from $25,000 and up on May 1.

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