In an effort to retain Hunt Valley-based conservative-leaning TV news conglomerate Sinclair Broadcast Group, Baltimore County lawmakers have endorsed a state loan of $1.3 million–and offered up an additional $130,000 of the county’s money—to help the corporation expand and hire more workers for its Hunt Valley headquarters.
The Baltimore County Council last night unanimously approved a resolution supporting the $1.3 million conditional loan for Sinclair from the Maryland Department of Commerce. In addition, the county agreed to match 10 percent of the loan, per state policy with such financing.
There’s a solid chance Sinclair won’t be on the hook to repay that money. The combined $1.43 million in financing will be forgiven in 10 years, so long as the company fulfills an agreement to employ 700 workers by the end of 2023 and retains those positions through 2028. At present, Sinclair employs 333 workers in Hunt Valley, according to council notes.
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