Maryland Small Business Relief Programs

March 24, 2020 / / Uncategorized

Maryland has authorized $130 million in loan and grant funding for small businesses and manufacturers that have been negatively impacted by the Coronavirus (COVID-19). This emergency assistance provides interim relief and proceeds that can be used to pay cash operating expenses including payroll, suppliers, rent, fixed debt payments and other mission critical cash operating costs.

If you are a Maryland-based business impacted by the Coronavirus with under 50 full- and part-time employees, or a Maryland manufacturer, check out the programs at the following link:

The State of Maryland has also announced a new “COVID-19 Layoff Aversion Fund” designed to support businesses undergoing economic stresses due to the pandemic by preventing or minimizing the duration of unemployment resulting from layoffs. The award (up to $50,000 per applicant), will be a quick deployable benefit and customizable to the specific needs of your business to minimize the need for layoffs.
More information can be found here:

— with Frederick Innovative Technology Center, Inc., Frederick County Workforce Services, East Frederick Rising, Frederick County Chamber of Commerce, Golden Mile Alliance, Fort Detrick Alliance, Downtown Frederick Partnership and Techfrederick at The City of Frederick.