Source: Baltimore Sun / Getty
The COVID-19 pandemic has created setbacks on the economy of Maryland, and almost every other state in the country.
Gov. Hogan said the financial hardships continue to plague many small businesses and that’s why he wanted to draw $250 million from Maryland’s rainy day fund to offer assistance.
“I know that there is COVID fatigue and tremendous frustration that this pandemic that this pandemic is continuing to disrupt our daily lives,” said Gov. Hogan. “This has been a very long and difficult year for all of us.”
Hogan’s $250 million additional spending announcement:
$50 million will be made available to small businesses
$50 million will be made available to restaurants so they can expand outdoor dining
$100 million will be given to local jurisdictions as part of an emergency relief fund
$20 million will be available through the Maryland Housing to help businesses within the Main Street Maryland organizations and Baltimore Main Street program
$20 million available for the state’s COVID-19 Layoff Aversion Fund
$5 million to help fund low-interest loans to small and minority businesses
$3 million to help fund the Maryland State Arts Council’s Emergency Grant Program
$2 million will go to support tourism efforts to help promote local attractions, shops and restaurants
Source: Baltimore Sun
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