ANNAPOLIS - The Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO) has announced a grant funding opportunity to encourage Maryland's agricultural producers to expand or diversify their business operations by installing capital assets to make product that is "value added". Eligible applicants must be a crop or livestock producer or processor, agricultural cooperative, seafood processor, or timber products processor, and have been in business for a minimum of two years.

Applicants can receive up to $20,000 for projects such as production buildings and major fixtures, livestock or seafood processing facilities, fruit or vegetable processing facilities, timber or wood products facilities, and manure digesters.  Cash matching funds are required, and must be at least equal to the amount of grant funds requested.

The submission deadline for applicants seeking to receive MVAPG-Capital Assets Option grants from MARBIDCO is Monday, October 3, 2011 by 4:00 p.m. (Applications received in the mail with a Saturday, October 1, 2011 postmark will also be accepted). Grant award announcements will be made on or about October 28, 2011.  Late applications will not be accepted.

Please visit the MARBIDCO website for more information and to download the MVAPG application form: http://www.marbidco.org/applications.html. Questions about the MVAPG-Capital Assets Option may also be addressed by contacting Kristen Robinson, MARBIDCO Financial Programs Officer, at (410) 267-6807.

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