Annapolis, MD - The Maryland Department of Commerce has provided additional details about the new economic relief funding made available through the bipartisan RELIEF Act of 2021.
Commerce will provide funding through six new programs targeting specific groups of businesses. Three of these programs will be administered by Commerce, which expects to accept applications from March 30, 2021 to April 6, 2021.
Programs Administered Through Commerce
Small Business COVID RELIEF Grant Program
To support Maryland’s small businesses that face continued financial impacts from the Coronavirus, the state established the new Maryland Small Business Covid RELIEF Grant Program in 2021, through bipartisan legislation, with $10 million in state Relief Act funding.
The grant offers working capital to assist certain Maryland small businesses with disrupted operations due to COVID-19. Grant assistance is intended to provide interim relief complementing actions with its bank, business interruption insurance, and financial partners. Commerce will accept applications starting March 30 at 9 am EST through April 6 at 11:59 pm EST.
Funding is extremely limited and may ultimately result in approval on a first-come, first-served basis. The application process will be open for a limited period, and Commerce anticipates substantial interest in this program. You are encouraged to apply as soon as applications become available.
Small, Minority and Women Owned Business Administration COVID RELIEF Program
To support Maryland’s small businesses that face continued financial impacts from the Coronavirus, the state established the Maryland Small, Minority and Women-Owned Business Administration COVID RELIEF Program in 2021, through bipartisan legislation, with $10 million in state Relief Act funding.
Eligible Fund Managers oversee the distribution of video lottery terminal funds. For more information about VLT contact the fund manager in your area:
Anne Arundel Economic Development Corporation Stephen Primosch, Vice President, Financial Services 2660 Riva Road, Suite 200 Annapolis, MD 21401
(410) 222-7410
Commuter and Shuttle Bus COVID RELIEF Grant Program
To support Maryland commuter and shuttle bus companies facing continued financial impacts from the Coronavirus, the state established the Maryland Commuter and Shuttle Bus COVID RELIEF Grant Program in 2021, through bipartisan legislation, with $8 million in state Relief Act funding. The grant is directed to those companies that were impacted by reduction of routes by the Maryland Transit Administration.
Programs Administered Through Counties and Baltimore City
The following programs will be administered by each county and Baltimore City.
As available, links to county websites with details for applying for these programs will be posted to the Maryland COVID-19 Information for Business website (under “local programs”).
Online Sales and Telework Assistance COVID RELIEF Grant Program
To support Maryland small businesses seeking to expand online sales and teleworking capabilities for their employees due to the continued financial impacts from the novel coronavirus, the the state established through bipartisan legislation the Maryland Online Sales and Telework Assistance COVID RELIEF Grant Program with $500,000 million in state Relief Act funding. Applications will be available through each county and Baltimore City.
Restaurant and Caterers COVID RELIEF Grant Program
To support Maryland restaurants facing continued financial impacts from the novel coronavirus, the state established through bipartisan legislation the Maryland Restaurants and Caterers COVID Relief Grant Program. Commerce is providing $22 million to the local jurisdictions to provide relief for economically disadvantaged restaurants in their areas. Applications will be available through each county and Baltimore City.
Lodging and Accommodations COVID RELIEF Grant Program
To support Maryland hotel, lodging and accommodation businesses facing continued financial impacts from the novel coronavirus, the state established through bipartisan legislation the Maryland Lodging and Accommodations COVID Relief Grant Program. Commerce is providing $10 million to the local jurisdictions to provide relief for economically disadvantaged lodging and accommodation businesses in their areas. Applications will be available through each county and Baltimore City.
