Governor Larry Hogan today announced the $250 million ‘Maryland Strong: Economic Recovery Initiative,’ which will provide funding from the state’s Rainy Day Fund to directly assist restaurants, small businesses, local entertainment venues, arts organizations, and Main Streets across the state.

The ‘Maryland Strong: Economic Recovery Initiative,’ doubles the state’s commitment to emergency economic relief to $500 million.

$50M: Expansion of Maryland Small Business COVID-19 Relief Grant Fund

The governor’s initiative will provide another installment of funding to the Maryland Small Business COVID-19 Relief Grant Fund, which awards grants of up to $10,000 to businesses of 50 or fewer employees. To date, the program has distributed more than 9,600 grants to small businesses across the state. This additional relief will clear the backlog of eligible applications and bring the program’s total funding to $145 million.

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