SUPPORT FOR MARYLAND ENTREPRENEURS
IMPACTED BY COVID-19
To our Maryland Entrepreneurial Community,
 
We recognize that we are in unprecedented times filled with challenges and uncertainty.  It’s also a critical moment for the work that many of you are doing for our state, nation, and world. 
 
As you continue to pivot to address the changing landscape, please know that various resources are coming online from multiple venues to assist you.  This message highlights just a few for your consideration.

Stay healthy and be safe.

Linda Singh
Interim CEO/Executive Director
Maryland's COVID-19 Business Response
The State of Maryland has taken far-reaching and proactive steps to minimize the impact of COVID-19 across our state, including ordering state employees to telework, closing public schools, and non-essential businesses (including restaurant dining rooms, casinos and racetracks, and other businesses), and activating the National Guard to carry out any emergency functions that may be needed. State agencies including the Department of Commerce remain prepared to serve our clients in the business community. 

The Hogan Administration's Response to COVID-19
The Hogan administration is committed to being transparent, keeping Marylanders fully informed, taking actions based on detailed planning, and making decisions based on the facts on the ground.

Find out more on:
  • Live Updates from Governor Hogan
  • Latest from the Newsroom
  • State of Emergency Information

Maryland COVID-19 Emergency
Relief Fund Programs for Businesses
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.

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.

Emergency Relief Manufacturing Fun d
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.

COVID-19 Layoff Aversion Fund:
Workforce Development and Adult Learning
Governor Larry Hogan and the Maryland Department of Labor have launched the new COVID-19 Layoff Aversion Fund, which is 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.

SBA Disaster Loan Assistance
Find if you are in a declared disaster area and the assistance currently offered to your region.

COVID-19 Resources for Applicants and Recipients of NIH Funding
Find out more about how NIH is working to support its recipient community