Bal­ti­more County to re­ceive $1.6 mil­lion in CARES Act fund­ing

The Dundalk Eagle - - BY THE PEOPLE - By KAITLIN KULICH kkulich@ches­

BAL­TI­MORE COUNTY— Bal­ti­more County’s De­part­ment of Eco­nomic and Work­force De­vel­op­ment will re­ceive a $1.6 mil­lion from the U.S. De­part­ment of Com­merce Eco­nomic De­vel­op­ment Ad­min­is­tra­tion’s CARES Act Re­cov­ery As­sis­tance grant.

The grant will cap­i­tal­ize Re­volv­ing Loan Funds (RLFs) that will pro­vide crit­i­cal gap fi­nanc­ing to small busi­nesses and en­trepreneur­s for a range of needs in­clud­ing sup­port­ing pay­roll, ac­quir­ing equip­ment and in­ven­tory, re­con­fig­ur­ing ex­ist­ing or new space to meet Coro­n­avirus guide­lines, cap­i­tal im­prove­ments and more.

Congress wrote and passed the CARES Act ear­lier this year, with strong pro­vi­sions to help small busi­nesses and en­trepreneur­s make it through these dif­fi­cult times. The grant re­ceived by the county’s Eco­nomic and Work­force De­vel­op­ment (EWD) is one of three grants an­nounced by Mary­land’s Con­gres­sional Del­e­ga­tion.

The Tri-County Coun­cil for Western Mary­land will re­ceive a $1 mil­lion grant to ad­min­is­ter RLFs that will pro­vide crit­i­cal gap fi­nanc­ing to coro­n­avirus-im­pacted small busi­nesses in Al­le­gany, Gar­rett, and Wash­ing­ton coun­ties.

The Mary­land De­part­ment of Com­merce will re­ceive a $770,000 grant to ad­min­is­ter RLFs that will pro­vide crit­i­cal gap fi­nanc­ing to small busi­nesses ad­versely im­pacted by the coro­n­avirus pan­demic across Mary­land.

“Congress came to­gether in an over­whelm­ingly bi­par­ti­san man­ner to pass the CARES Act and de­liver emer­gency sup­port to Amer­i­can fam­i­lies and small busi­nesses,” the state Con­gres­sional Del­e­ga­tion said in a re­lease.

“While our na­tion con­tin­ues to ad­dress the pub­lic health cri­sis that is hurt­ing com­mu­ni­ties coast to coast, we must si­mul­ta­ne­ously face the eco­nomic cri­sis threat­en­ing so many work­ing Amer­i­cans, en­trepreneur­s, em­ploy­ers and lo­cal com­mu­ni­ties.

“Small busi­nesses in Mary­land and across the coun­try are the en­gine of our econ­omy and, with so many of them strug­gling to stay afloat, Congress must build on the CARES Act to de­liver more re­lief for our lo­cal com­mu­ni­ties, small busi­nesses and non­prof­its. This pan­demic will not mirac­u­lously dis­ap­pear on its own and nei­ther will the eco­nomic fall­out,” the lawmakers added.

“As a del­e­ga­tion, we sup­ported the He­roes Act, which passed the House of Rep­re­sen­ta­tives in May, and con­tinue to urge Se­na­tor McCon­nell to take up this crit­i­cal leg­is­la­tion in the Se­nate. Congress must de­liver more fund­ing to Mary­lan­ders in need.”

Bal­ti­more County’s EDW of­fers county busi­nesses as­sis­tance with con­fi­den­tial lo­ca­tion searches, En­ter­prise Zone Tax Cred­its and other state or lo­cal in­cen­tives, of­fers busi­ness coun­sel­ing and plan­ning, pub­lic and pri­vate fi­nanc­ing pack­ages, and other ser­vices.

In terms of help­ing job seek­ers, EDW of­fers com­puter re­source labs, a com­put­er­ized job bank, pro­fes­sional de­vel­op­ment sem­i­nars in in­ter­view­ing, ré­sumé writ­ing, etc., in­di­vid­ual work space with tele­phones, la­bor mar­ket and ca­reer in­for­ma­tion, a ref­er­ence and re­source li­brary, train­ing and ed­u­ca­tion re­sources, vet­er­ans ser­vices, and youth em­ploy­ment ser­vices.

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