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Resources for Maryland Businesses

Last updated: March 25, 2020

Below are some resources provided by a number of federal and state government agencies that Maryland businesses may find helpful. This list will be updated as we learn of additional resources.

Senate Passes Updated Economic Relief Plan (CARES Act) for Individuals and Businesses - https://taxfoundation.org/cares-act-senate-coronavirus-bill-economic-relief-plan/

Financial Assistance & Taxes

Maryland COVID-19 Emergency Relief Fund Programs for Businesses

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 below to see if you qualify for assistance.

  • Maryland Small Business COVID-19 Emergency Relief Loan Fund - This $75 million loan fund (for for-profit businesses only) offers no interest or principal payments due for the first 12 months, then converts to a 36-month term loan of principal and interest payments, with an interest rate at 2% per annum. Learn more.
    • UPDATE: April 7, 2020

      Applications in progress for MD Small Business Relief Loan and Grant programs accepted through 5 p.m. today!

      As of 5 p.m. on April 6, Commerce is no longer accepting new applications for its COVID-19 Small Business Relief Grant and Loan Programs. All applications that have been submitted are currently being reviewed in the order received. If you have already started an application in the program system, it must be completed and submitted by 5 p.m. on April 7, 2020 in order to be considered. 

  • Maryland Small Business COVID-19 Emergency Relief Grant Fund - This $50 million grant program for businesses and non-profits offers grant amounts up to $10,000, not to exceed 3 months of demonstrated cash operating expenses for the first quarter of 2020. Learn more.
    • ​​​​​​​UPDATE: April 7, 2020

      Applications in progress for MD Small Business Relief Loan and Grant programs accepted through 5 p.m. today!

      As of 5 p.m. on April 6, Commerce is no longer accepting new applications for its COVID-19 Small Business Relief Grant and Loan Programs. All applications that have been submitted are currently being reviewed in the order received. If you have already started an application in the program system, it must be completed and submitted by 5 p.m. on April 7, 2020 in order to be considered. 

  • Maryland COVID-19 Emergency Relief Manufacturing Fund - This $5 million incentive program helps Maryland manufacturers to produce personal protective equipment (PPE) that is urgently needed by hospitals and health-care workers across the country. More details are expected to be announced by Friday, March 27, 2020.

 
They are still offering the Maryland COVID-19 Emergency Relief Manufacturing Fund and encourage businesses throughout Maryland to continue exploring other forms of assistance, such as federal and local programs, including SBA's Emergency Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). For more information on federal resources, read the Small Business Owner's guide to the CARES Act, or find more details from the U.S. Department of the Treasury.

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Employer & Worker Assistance 

Licensing & Permitting

Educational Information

  • COVID-19 Small Business Survival Guide
  • The Maryland Small Business Development Center hosted a webinar on state and federal resources for small business. The slide deck is available here.
  • The Department of Health hosted a webinar featuring information and guidance for businesses about coronavirus and preventing its spread in the workplace here  or watch the recording here.

Enforcement

  • The Maryland State Police is actively engaged in our state’s response to the COVID-19 pandemic. As they work to protect the citizens of Maryland, they will be involved, when needed, in the enforcement of the Governor’s Executive Orders.
  • The state is hoping for voluntary compliance with business closures. If a need for law enforcement arises, Maryland State Police will take prompt appropriate action, in partnership with state’s attorneys and local law enforcement chiefs and sheriffs across Maryland.
  • Contact will first be made with the owner or manager of the establishment. If voluntary compliance does not occur, action will be taken. That could result in the issuance of a criminal summons or warrant, or it could result in immediate arrest, depending on the circumstances in the particular situation.
  • Violation of a Governor’s Executive Order declared during a state of emergency is punishable for a fine of up to $5,000 or one-year in jail or both.

More Information

We encourage members of the business community to reach out with their questions by sending a message to Secretary.Commerce@maryland.gov.

We also recommend that everyone regularly visit the Maryland Department of Health for the latest information on coronavirus and the Office of Governor Larry Hogan for updates on the state’s response to the outbreak.

The Maryland Emergency Management Agency (MEMA) has activated its Virtual Business Operation Center (VBOC) as of March 6 to address inquiries from the private sector. Businesses that are interested in emergency operations engagement can learn more through MEMA's Private Sector Integration Program.

Looking for a way to help? Please visit the new Maryland Unites website to find volunteer and donation opportunities.

 

Sources:
https://govstatus.egov.com/md-coronavirus-business
http://www.hagerstown.org/
http://www.mdsbdc.org

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