SLED Opportunity · MARYLAND · MARYLAND
AI Summary
Maryland's MCIV Fund offers grants to support collaborations between financial institutions and fintechs to improve financial services for businesses in low- to moderate-income communities. Grant period starts January 1, 2026, with applications due by January 15, 2026.
All questions pertaining to this Public Notice should be submitted via email to stephen.clampett1@maryland.gov by November 21, 2025. All questions will be answered in a timely manner, and relevant questions will be posted to the MCIV Fund Webpage at https://labor.maryland.gov/finance/mciv The Grant Period runs for one year from January 1, 2026 through December 31, 2026. Applicants can request a longer Grant Period of up to two years from January 1, 2026, through December 31, 2027 and may write a Project Budget that reflects a time period up to two years. At the request of the Moore-Miller Administration, the Maryland General Assembly enacted the Access to Banking Act (“Act”) in 2023. The Act, codified at Financial Institutions Article § 2-118.1 Annotated Code of Maryland, created the Maryland Community Investment Venture Fund (“MCIV Fund”). The MCIV Fund seeks to support pathways for Maryland state-chartered banks and credit unions (collectively, “Financial Institutions”) to better serve the Financial Services needs of businesses located in Maryland’s low- to moderate-income communities (collectively, “LMI Businesses”) through the use of new and innovative technologies and processes. LMI Businesses have historically faced challenges attempting to access Financial Services through policies, procedures, and protocols standard in the financial services industry. The MCIV Fund seeks to encourage formal collaborations between Financial Institutions and financial technology innovation companies (collectively, “Fintechs”) to develop and implement technologies and processes to address these challenges and better serve the Financial Services needs of LMI Businesses. LMI Businesses possess the ability to make significant positive contributions to their communities and further the Moore-Miller Administration’s goal of leaving no Marylander behind. The MCIV Fund previously announced on the MCIV Fund Webpage a willingness to consider applications for grants to support collaborations between Fintechs and Financial Institutions to pilot products and services to better serve the Financial Services needs of LMI Businesses. In connection therewith, the MCIV Fund issues this Solicitation for grant proposals
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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