BALTIMORE, MD—As the U.S. continues to deal with the effects of the coronavirus pandemic, a record number of Marylanders filed for unemployment over the past week. The U.S. Department of Labor reported on Thursday that 107,408 Maryland residents applied for first-time unemployment benefits for the week ended April 4, 2020. That marks an increase from last week’s record-breaking figure of […]
BALTIMORE, MD—On March 27, the federal government passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which aims to provide financial relief to individuals and businesses affected by the COVID-19 coronavirus pandemic in the United States. Key provisions of the act include direct payments to some individuals, based on income (a “stimulus check”); extended unemployment benefits; small business […]
BALTIMORE, MD—In collaboration with Maryland’s financial institutions, Governor Larry Hogan on Friday issued an Executive Order and announced a series of financial relief initiatives to provide assistance to millions of consumers and small businesses who are facing economic hardships due to COVID-19. “As our state responds to this deadly public health emergency, Marylanders should not be worried about losing their […]
BALTIMORE, MD—The United States Treasury and the Small Business Administration are offering programs that will assist Baltimore County’s small businesses during the coronavirus pandemic. The new Paycheck Protection Program rolls out on Friday, April 3, 2020. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic […]
BALTIMORE, MD—The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was signed into law on March 27, 2020 to provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. The CARES Act’s estimated $2+ trillion price tag includes extraordinary public health spending to confront the COVID-19 pandemic; immediate cash relief for […]