CAMBRIDGE, Md.- While Downtown Cambridge has seen a bunch of recent improvements, the city is not done yet.
The Cambridge Venture Capital Fund LLC. is a way to make the downtown bigger and better.
"The venture capitol fund is trying to build on that momentum and get six or seven new businesses downtown, try and tip the retail scale to where people view Cambridge as a vibrant restaurant retail district," said Venture Capital Fund Partner Brett Summers.
Local people donated $250,000 to bring more businesses here to Cambridge to they can fill up some of their vacant storefronts.
Entrepreneurs will be offered up to $50,000 if they open a new business on specific blocks of Poplar, High or Race streets. Cambridge Mainstreet Executive Director Mari Stanley believes in the blueprint and says more stores will help boost the city's economy.
"Anybody who has come to Cambridge recently has seen tremendous growth in the last couple of years and this venture capitol fund is the next step to take it to the next level," Stanley said.
Karen Fishell owns the Country Store Gallery. She's been in business in Cambridge for 12 years and she sees a bright future ahead.
"I have seen the changes and we have had new stores recently, so every little bit helps and traffic volume is wonderful," Fishell said. "Second Saturdays we average about a thousand people and if we had that every weekend it would be even better."
