Managed Funds

Managed Funds

MARYLAND SMALL BUSINESS DEVELOPMENT FINANCING AUTHORITY (MSBDFA)

The Maryland Small Business Development Financing Authority (MSBDFA) was created by the Maryland General Assembly in 1978 to assist in the development of socially or economically disadvantaged entrepreneurs in the creation of Maryland businesses. MSBDFA’s financing activity is supported through the repayment of loans, generation of interest income and the collection of fees.

MARYLAND CASINO BUSINESS INVESTMENT FUND (MCBIF)

MMG has been designated as one of the managers for the Video Lottery Terminal Fund Pool (VLT Fund Pool). The Company manages and invests the capital into businesses located within the Targeted Areas and throughout the State of Maryland. The name MMG has chosen for the fund is the Maryland Casino Business Investment Fund (“MCBIF”).

Community Development Ventures, Inc. (CDV)

Community Development Ventures, Inc. (CDV) is a non-profit 501 (C)(3) company that utilizes “socio-economic” investing as a means to improve the well-being of economically or socially disadvantaged individuals and businesses located in distressed urban communities throughout the State of Maryland. Our mission is to strengthen the economic base of distressed urban communities in Maryland through business and entrepreneurial development. CDV is not making any new loans or investments at this time.