STATE OF MARYLAND: PROGRAMS AND RESOURCES
Emergency Relief Loan Fund
This $75 million fund offers loans with no interest or principal payment for the first 12 months. It then converts to a 36-month term loan of principal and interest payments, with an interest rate at 2% per annum.
For more information: www.commerce.maryland.gov
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.
For more information: www.commerce.maryland.gov
Relief Manufacturing Fund
This $5 million incentive program helps Maryland manufacturers produce personal protective equipment (PPE) that is urgently needed by hospitals and health-care workers across the state.
For more information: www.commerce.maryland.gov
Layoff Aversion Fund
Workforce Development and Adult Learning: This program is designed to support businesses undergoing economic stress 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.
For more information: www.dllr.state.md.us
Export Assistance for Businesses
The ExportMD Program helps offset some of the costs of marketing internationally for Maryland’s small and mid-sized companies.
To apply, call: 410-767-3393
This $75 million fund offers loans with no interest or principal payment for the first 12 months. It then converts to a 36-month term loan of principal and interest payments, with an interest rate at 2% per annum.
For more information: www.commerce.maryland.gov
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.
For more information: www.commerce.maryland.gov
Relief Manufacturing Fund
This $5 million incentive program helps Maryland manufacturers produce personal protective equipment (PPE) that is urgently needed by hospitals and health-care workers across the state.
For more information: www.commerce.maryland.gov
Layoff Aversion Fund
Workforce Development and Adult Learning: This program is designed to support businesses undergoing economic stress 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.
For more information: www.dllr.state.md.us
Export Assistance for Businesses
The ExportMD Program helps offset some of the costs of marketing internationally for Maryland’s small and mid-sized companies.
To apply, call: 410-767-3393
