Harbor Bank of Maryland plans to open a new downtown coworking space to support local African-American entrepreneurs and startups.
The bank is using a vacant floor in its headquarters building at 25 W. Fayette St. for the project that will serve as part-incubator/accelerator and part-community development hub, said Calvin Young, vice president of Harbor Bank’s Community Development Corp. The space will be geared toward helping the firms grow by providing small business advisory services and facilitating investment efforts.