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
- President Donald Trump announced that the U.S. Small Business Administration (SBA) will provide low-interest loans to companies affected by the outbreak, and that he will ask Congress to increase funding for the SBA lending program to $50 billion.
- Governor Hogan announced on March 19 that the entire state of Maryland has received official designation for SBA assistance. Individual businesses can now apply directly to the SBA for low-interest loans through the Economic Injury Disaster Loan program. Visit SBA's website to apply now. A Step-by-Step EIDL application guide can be found here.
- General SBA guidance for businesses can be found here.
- Maryland business and individual income taxpayers will be given a 90-day extension for tax payments. No interest or penalty for late payments will be imposed if 2019 tax payments are made by July 15, 2020. See 90-day extension for tax payments for more information, or reach out to firstname.lastname@example.org with questions.
- Comptroller Franchot also extended business-related tax filing deadlines to June 1. Get additional information regarding business tax returns - including sales and use tax, alcohol tax, etc. - and income tax extensions.
- Businesses who paid their Maryland Sales & Use Taxes for March early may request a refund of their payment by emailing email@example.com or by calling 410-260-4020.
- Taxpayers who have set up a payment through their own online banking services will need to stop that transaction through their banks. Taxpayers who have scheduled a payment through the Comptroller’s iFIle or bFile can request to have a debit from their account stopped as long as it is at least 3 days prior to the scheduled payment date. If taxpayers have individual requests for assistance, they should contact Taxpayer Services at 410-260-7980 or via email at firstname.lastname@example.org.
- Maryland banks, credit unions, and financial service providers are operating under precautionary measures, with increased focus on mobile, phone, and online services. If you anticipate having trouble making a loan payment, please notify your lender or loan servicing company as soon as possible to discuss your options. Early and regular communication is important. More information from the Maryland Bankers Association. View a list of credit unions operating in Maryland and their contact information.
- The federal tax filing deadline has been moved to July 15 - learn more.
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.
- UPDATE: April 7, 2020
- 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
- UPDATE: April 7, 2020
- 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.
Employer & Worker Assistance
- The Centers for Disease Control has issued guidance for businesses and employees.
- The U.S. Department of Labor has developed some guidelines for how companies can prepare their workplace for COVID-19. In addition, the Occupational Safety and Health Administration (OSHA) has launched a COVID-19 website with information specifically for workers and employers. There is also information on issues relating to wages and hours worked under the Fair Labor Standards Act.
- The Maryland Department of Labor’s Division of Labor and Industry enforces the Maryland Health Working Families Act, also known as Safe and Sick Leave, which may be useful for employees who need to take off from work due to COVID-19. Learn more about the Maryland Health Working Families Act here, or email email@example.com.
- If a business experiences a temporary or permanent layoff, Labor’s Division of Unemployment Insurance’s Bulk Claim Services can open unemployment insurance claims for all affected employees. To determine if a business is eligible, please visit our Bulk Claims Services Frequently Asked Questions page. If a business is eligible, they should contact a Claims Representative by emailing UI.BulkClaim@maryland.gov. For additional information, visit the Department of Labor's COVID-19 FAQ page.
- The Maryland Insurance Administration has shared insight into Business Interruption Insurance on their website. MIA has also put together an FAQ addressing insurance-related questions about coronavirus.
- Labor’s Division of Workforce Development and Adult Learning enforces the Rapid Response System, which works collaboratively with the State’s businesses and workers to minimize the impact of economic disruptions caused by layoffs and plant or business operations closing.
- Labor’s Office of Small Business Regulatory Assistance is available to help Maryland business owners find timely and effective solutions to issues, so they can go about running their companies. They can be contacted by emailing firstname.lastname@example.org.
- The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has issued a national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency relief in response to COVID-19.
Licensing & Permitting
- According to the Governor’s Executive Order, all licenses, permits, registrations, and other authorizations issued by the state, its agencies or any political subdivision that would expire during the current state of emergency will be extended until at least the 30th day after the state of emergency is lifted.
- Labor’s Division of Occupational and Professional Licensing (O&P) is temporarily extending license expiration dates until May 1, which is subject to being extended as the response to the coronavirus situation evolves. They can be contacted by emailing email@example.com.
- Businesses that are licensed and regulated by Labor’s Office of the Commissioner of Financial Regulation can email DLFRFinReg-LABOR@maryland.gov with any questions or concerns they may have about licensing requirements.
- 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.
- 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.
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.