To assist Maryland’s businesses, MWBC has created this resource page that includes information and links to financial assistance during COVID-19. We will continue to update this page as more information becomes available, so check this page often and follow us on social media–Facebook, Twitter, LinkedIn, and Instagram.
If you have questions or need help, schedule a call with one of our business counselors. Call us at (301) 315-8091 to get connected.
Updated June 5, 2020
If your Rockville establishment needs a permit for temporary outdoor seating, click here. Rockville’s Planning and Development Services and Public Works have worked together to launch an initiative to provide rapid response to businesses who wish to expand or establish temporary outdoor seating areas beyond what has previously been approved, during this period of reopening from the COVID-19 emergency.
Montgomery County is re-opening! Click here to review Phase One Re-opening Guidelines.
Are you a supplier or buyer in need of critical personal protective equipment (PPE) to combat coronavirus? Click here to connect with suppliers and buyers through the new Maryland Manufacturing Network.
Is your company re-opening soon? Visit open.maryland.gov/backtobusiness for guidance and best practices from the Maryland Department of Commerce. Also, consider taking the Maryland Back-to-Business pledge by downloading, signing, and posting it in your business where customers and employees can see it.
- NEW! Applications Open June 10-16 for Montgomery County Microenterprise Stabilization Program – Montgomery County is launching a new grant program to provide financial assistance to income-eligible, for-profit businesses with five or fewer employees that have experienced a reduction in revenue as a result of the current public health emergency. The Microenterprise Stabilization Program is made possible by Community Development Block Grant Coronavirus (CDBG-CV) funding. CDBG-CV is a type of CARES Act federal funding with specific eligibility criteria that necessarily shapes the requirements for grant awards. A business may be awarded up to $10,000 in assistance. Applications for this program will be accepted from June 10 through June 16. Review the eligibility criteria and required documentation at: https://montgomerycountymd.gov/Biz-Resources/msp/. Note: Businesses that received assistance from Montgomery County through the Public Health Emergency Grant program (PHEG) are NOT eligible to receive funding from the Microenterprise Stabilization Program.
- Paycheck Protection Program (PPP) Loan Forgiveness Application Now Available – The SBA and U.S. Treasury Department recently released the application that borrowers must complete in order to have their PPP loan forgiven. To apply for forgiveness, you must complete the application and submit it to your lender (or the lender that is servicing your loan). You may be able to complete it electronically through your lender. If you have questions about the application or forgiveness process, check with your lender or visit the SBA’s FAQs page. The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:
- Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles.
- Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan.
- Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness.
- Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30.
- Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that was declined.
- Montgomery County Telework Grant – On May 14, 2020, the Montgomery County Council approved an additional $1.25 million for the Telework Assistance Fund (administered by MCEDC). This funding supplements the original $250,000 the Council appropriated on April 30 to reimburse expenses related to implementation of employee telework. The additional funding will allow the County to meet the needs of many more applicants. Click here for complete information. Here’s a quick summary:
- Grants are available up to $2,500.
- On a weekly basis, approved/eligible grant applications will be awarded through a lottery process.
- Applicants not receiving funding during the first week will automatically roll over into the next weekly lotteries until funding is exhausted.
- MCEDC plans to notify awardees within 2-3- days after each of the lotteries.
- SBA Paycheck Protection Program (PPP) Reopened April 27 – The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020. Infused with an additional $130 billion–including $60 billion specifically earmarked for small businesses–this emergency lending program offers forgivable loans to small businesses to keep their workers on the payroll. For complete details and to apply, click here.
- If you are planning to apply for a PPP loan, please contact your lender ASAP. Even though SBA continues to accept new loans, the additional monies will be spent. If your lender is no longer accepting applications, contact another lender as soon as possible. If you’ve received a PPP loan, make sure you are aware of the criteria for forgiveness.
- Employee Retention Tax Credit – Part of the CARES Act is a tax credit for the portion of employment taxes paid by the employer. The credit is based on a decline in gross revenue per quarter. Most businesses would not apply for the 1st quarter, but your business may be eligible for the tax credit in the 2nd quarter. Click here to learn more about this program. Consider contacting your accountant or your payroll company for assistance.
- Maryland Business Relief Wizard – Use this tool to navigate the COVID-19 funding programs that your business may be eligible for by answering a few questions. Get started at https://reliefwizard.net/.
- UPDATED: Prince George’s County COVID-19 Business Relief Fund (BRF) – a $15M fund established to provide financial assistance to businesses affected by the COVID-19 crisis. The Relief Fund can be used to support cash operating expenses including payroll, suppliers, rent, fixed debt payments and other business critical cash operating costs. As of May 15, the BRF issued commitments to 122 companies for more than $4.8 million in loans and grants. Additional allocations and changes have been made to the fund…click here to review the most updated information.
- CARES Act – Congress has passed the the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which approves more than $2 trillion in economic relief. Click here for complete details. You may also find the guide and checklist from the U.S. Chamber of Commerce helpful for your small business.
- Families First Coronavirus Response Act – Employers, download the poster that must be posted by Thursday, April 1, 2020. Learn more about FFCRA Employer Paid Leave Requirements.
- Maryland Department of Labor – Due to unprecedented volumes of claims, the Department of Labor has updated the process for applying for benefits. Please visitMDOL’s Unemployment homepage for additional details. Click here for COVID-19 Frequently Asked Questions.
- Maryland State Arts Council (MSAC) Emergency Grant for Arts Organizations – In response to the COVID-19 State of Emergency, MSAC created special grant opportunities that provide emergency funding to arts organizations and artists in Maryland. On April 20, MSAC updated its State of Emergency Statement & Resources. Click here to review the opportunities and resources for arts organizations and artists at this time.
- Maryland Heritage Areas Authority (MHAA) – Heritage tourism nonprofits should apply for emergency operating matching grantsof up to $20,000.
- Maryland Agricultural Resource-Based Industry Development Corporation (MARBIDCO) – Launched the Pandemic Adjustment Loan Fund Program to help Maryland’s food and fiber producers, harvesters, and primary processors adjust to business disruptions. Learn more.
- 2020 Renters’ Tax Credit Application Form RTC – Filing Deadline September 1, 2020 – The State of Maryland provides a direct check payment of up to $1,000 a year for renters who paid rent in the State of Maryland and who meet certain eligibility requirements. For more information, click here.
CURRENTLY CLOSED ECONOMIC PROGRAMS
- SBA Economic Injury Disaster Loan Program – At this time, the SBA is not planning to accept new applications for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program even though it received additional appropriations. Given the overwhelming number of applications received during the first round of funding, the SBA will continue to process the applications it received on a first-come, first-served basis. If you applied and haven’t received a response yet, be aware that loans are still being processed.
- Maryland Department of Commerce Small Business Relief Grants and Loans – As of 5:00p on April 6, 2020, the Maryland Department of Commerce is no longer accepting applications for COVID-19 Small Business Relief Grant and Loan Programs. All applications that have been submitted are currently being reviewed in the order received.
- Maryland COVID-19 Emergency Relief Manufacturing Fund – As of 5:00p on April 21, 2020, the Maryland Department of Commerce is no longer accepting applications for this fund. All applications are currently being reviewed. Click here for more information and updates.
- Restaurant Employee Relief Fund – Due to an overwhelming response of 60,000 applicants to date, the Fund is not currently accepting new applications. The National Restaurant Association Education Fund (NRAEF) continues to raise money to assist more individuals in the future. Check back at rerf.us for updates and follow our Twitter, Facebook, and Instagram feeds.
- Montgomery County Public Health Emergency Grant (PHEG) – Due to the overwhelming response to the PHEG program, applications will no longer be accepted after 5:00p on Saturday, April 25, 2020. PHEG has launched a public dashboard that shares characteristics of PHEG applicants and how grant dollars are awarded.
- U.S. Census Now Hiring in Montgomery County – The U.S. Census is offering full- and part-time employment opportunities for the 2020 Census. Click here to download an informational flyer and apply online at 2020CENSUS.GOV/JOBS. NOTE: Applications are still being accepted; however, to protect the health and safety of the American public, Census Bureau employees, and temporary census takers, 2020 Census field operations are suspended until June 1, pending statutory relief from Congress.
- The U.S. Small Business Administration (SBA) is hiring temporary employees to assist with disaster relief efforts. Bilingual language skills a plus. Note: These are not jobs associated with Rockville Economic Development, Inc. or Maryland Women’s Business Center. Applications should be submitted using the links provided on this page:https://www.sba.gov/page/disaster-response-jobs-sba.
- Prince George’s County COVID-19 Job Seeker Resources – Visit https://www.employpg.org/covid19/to schedule a virtual appointment for assistance with workforce development and employment.
ADDITIONAL LINKS FOR BUSINESSES
- Re-opening Your Business Soon? Visit open.maryland.gov/backtobusiness for guidance and best practices from the Maryland Department of Commerce. You may also find the HR CHECKLIST compiled by Marc Engel, an attorney with Lerch, Early & Brewer, helpful. It addresses HR and liability issues the will accompany the reopening of any business. Consider taking the Maryland Back-to-Business pledge by downloading, signing, and posting it in your business where customers and employees can see it.
- Maryland COVID Info for Business: https://govstatus.egov.com/md-coronavirus-business
- Maryland Department of Commerce: https://commerce.maryland.gov/fund/maryland-small-business-covid-19-emergency-relief-fund-programs
- Existing Maryland Financing Programs: https://commerce.maryland.gov/fund
- Maryland Unemployment Office for COVID-19 Employer & Claimant Information: https://www.dllr.state.md.us/employment/unemployment.shtml
- Federal Guidelines for Critical Infrastructure: https://www.cisa.gov/publication/guidance-essential-critical-infrastructure-workforce
- Maryland Resource Requests for Supplies and Personal Protective Equipment (PPE): firstname.lastname@example.org
- Maryland Businesses Wanting to Sell Items: email@example.com or firstname.lastname@example.org
- Maryland Volunteers Wishing to Serve or Make Donations: email@example.com or https://governor.maryland.gov/marylandunites/