What the buyer needs
AI summaryThe government authority located in Baltimore, MD seeks a vendor to provide community investment venture fund services. The selected vendor will perform all work offsite. Only onshore organizations based in the United States are eligible to bid on this opportunity. Prospective applicants must submit any questions no later than February 16, 2027. The buyer is currently looking for proposals, and the source text does not specify a fixed budget. No additional details regarding submission instructions, proposal evaluation criteria, or the contract term are provided.
Scope of work
- Develop and implement innovative technologies and processes for LMI Consumers and LMI Businesses
- Designate a Grant Recipient and Grant Recipient Agent to manage the grant
- Identify anticipated outcomes and specific, measured outcomes of success
- Submit quarterly progress assessments to the Commissioner
- Submit disbursement requests for Allowable Expenses reflected in the Project Budget
- Submit a final report summarizing Project effectiveness and measurable outcomes
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Geographic distribution | Not specified |
| Potential for success | Not specified |
| Past record of success | Not specified |
| Level of current development | Not specified |
| Focus of the Project | Not specified |
Minimum qualifications
- Financial Institution must be a Maryland state-chartered bank or credit union
- Fintech and Financial Institution must enter into a written Agreement
- Demonstrate financial strength and technological ability to complete the Project
- Grant Recipient must register with Maryland SDAT and obtain necessary licenses before disbursement
- Fintech must acquire required licenses from the Commissioner before offering licensed products or services
Documents to include with your response
- Completed Application form from the MCIV Fund Webpage
- Project Budget as a standalone Excel Sheet (xlsx) and included in the PDF
- Evidence of financial strength and technological ability
- Information confirming Fintech may lawfully conduct business in Maryland if formed out-of-state
How to submit
- Method
- Instructions
- Submit completed applications to [email protected] combined into one PDF in the order listed in the Application, plus a standalone Excel Sheet (xlsx) for the Project Budget.