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Small business loan fund unveiling set

Small business loan fund unveiling set

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The Anne Arundel Economic Development Corp, announced that on Wednesday it will officially unveil its new small fund and introduce the owners of Brick House LLC, the fund’s first loan recipient.

The event follows last month’s approval by Maryland’s designating AAEDC as a manager of the state’s small and minority and woman-owned business loan fund, responsible for the investment of $3.36 million to small businesses around the state.

The loan fund receives 1.5 percent of video lottery terminal revenue from Maryland casinos.