ANNAPOLIS, MD—As a part of Governor Larry Hogan’s $250 million economic recovery package for Marylanders affected by the COVID-19 pandemic, new monetary help applications at the moment are obtainable to eating places, unbiased artists, arts organizations, leisure venues, and Foremost Avenue companies throughout the state.
“This financial restoration initiative can be crucial to the struggling eating places, small companies, and Foremost Streets throughout the state which are trying to climate this disaster,” stated Governor Hogan. “I’ve directed our group to make sure that this much-needed funding will get out the door as shortly as attainable. We’re urging counties and native jurisdictions to match these new state investments by using their remaining CARES Act funding in order that we will direct much more assets to the place they’re wanted most.”
Assist for Native Eating places. For eating places throughout Maryland, a brand new grant program is on the market. The state will distribute a complete of $50 million throughout every county and Baltimore Metropolis based mostly on the variety of restaurant institutions positioned in every of the 24 jurisdictions. Eating places on this new grant program must apply through their local jurisdiction, that are launching their very own aid applications. Anne Arundel County has previously announced that it’ll match the state’s funding within the restaurant aid program.
The chart under is the funding for restaurant aid anticipated to be allotted all through the state:
Assist for Arts Organizations. The Maryland State Arts Council (MSAC), an company of the Maryland Division of Commerce, has acquired a further $3 million to reinvest in its Emergency Grant Program, geared toward serving to these within the arts neighborhood which have skilled losses due to programming, operations, and occasions which have been modified or canceled. New purposes are being accepted till November 13 for impacted county arts businesses, Arts & Leisure District administration entities, arts organizations, and unbiased artists via the MSAC web site.
Assist for Hometown Tourism Efforts. Vacation spot Advertising Organizations (DMO) will obtain $2 million via the governor’s initiative to help hometown tourism efforts that promote native eating places, points of interest, and outlets. Every native jurisdiction’s DMO will obtain funds particularly earmarked for advertising and marketing functions, to assist drive guests to native venues and shops. This new funding tremendously enhances the annual advertising and marketing help that Maryland Commerce’s Office of Tourism offers on to the native tourism workplaces. Further data is anticipated to be despatched out to DMOs early this month.
Assist for Foremost Avenue and Small Companies. $50 million can be used to fund the remaining purposes submitted for the Maryland Small Business COVID-19 Emergency Relief Grant Fund. Whereas new purposes are usually not being accepted for this program, this extra funding will assist clear the backlog of roughly 5,000 remaining small enterprise purposes submitted in March and April earlier this yr. Equally, a further $5 million will go towards the Maryland Small Business Development Financing Authority (MSBDFA), for COVID-19 aid loans for companies owned by economically and socially deprived entrepreneurs that utilized earlier this summer time.
New purposes are additionally being accepted for state applications at our accomplice state businesses. Each the Maryland Division of Labor and the Maryland Division of Housing and Group Improvement will obtain $20 million to reinvest of their coronavirus aid applications. Labor started accepting purposes on October 28 for its COVID-19 Layoff Aversion Fund, which is designed to stop or reduce the period of unemployment ensuing from layoffs. DHCD has launched its internet web page with assets for Main Street businesses, entertainment venues, and tourism nonprofit organizations.
For extra details about monetary help obtainable to companies throughout Maryland, please go to the Maryland Coronavirus (COVID-19) Information for Business internet web page.