Federal Reserve System

Federal Reserve announces an additional $2.3 trillion in loans to support the economy, Powell predicts recovery

Posted on by Chris Montcalmo

WASHINGTON, DC—The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. “Our country’s highest priority must be to address this public health crisis, […]

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Employment

Record 107,000 Marylanders file for unemployment due to COVID-19 pandemic

Posted on by Chris Montcalmo

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 […]

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Scam Alert

Attorney General Frosh warns of CARES Act-related fraud schemes

Posted on by Chris Montcalmo

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 […]

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CARES Act Paycheck Protection Program

CARES Act Paycheck Protection Program rolls out for Baltimore County small businesses

Posted on by Chris Montcalmo

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 […]

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Open for Business

Small business owner’s guide to CARES Act released

Posted on by Chris Montcalmo

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 […]

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