Two small manufacturing businesses are among the latest recipients of loans from a Baltimore County fund designed for entrepreneurs.
County officials said Tuesday that Mobtown Fermentation and Grip Boost each received $100,000 from the Boost Fund, which is administered by the county’s Department of Economic and Workforce Development.
Mobtown Fermentation brews kombucha, a fermented drink, in Timonium. The company used the loan to transition from hand bottling to automated bottling to keep up with demand, county officials said.
Grip Boost, based at the University of Maryland, Baltimore County’s technology center, makes a gel that enhances the grip of athletic gloves. The company will use its loan as it works to expand the business and add inventory.
Since the Boost Fund loan program began in 2014, more than $3.8 million has been awarded to 31 companies, according to the county. The loans range from $50,000 to $250,000. The money comes from a state fund that uses casino slots proceeds to assist small, minority- and women-owned businesses.
For more information on Boost loans, go to BCBoostFund.com or call 410-887-8000.