Governor Larry Hogan today announced that $250 million would be moved from the state’s Rainy Day Fund to help businesses still struggling due to the pandemic. Of that $250 million, $50 million will go to fund the backlog of grant applicants whose applications had already been received and reviewed, and another $50 million will go directly to the restaurant industry. Along with that, $20 million will go to the state’s COVID-19 Layoff Aversion Fund to help small businesses with an average of 20 employees stay open. I applaud Governor Hogan for his efforts to keep our local economy afloat as we continue to battle the pandemic. Now we need our partners at the federal level to come through with a new stimulus package and fast.
Oct 22, 2020