Economy Archives - Page 35 of 39

Maryland’s COVID-19 Layoff Aversion Fund saves over 21,500 jobs, helps nearly 1,300 small businesses

Posted on March 10, 2021 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday announced that the Maryland Department of Labor’s COVID-19 Layoff Aversion Fund has saved 21,555 jobs and supported 1,267 small businesses through two rounds of funding, totaling over $31 million. One of several relief programs originally introduced by the governor in March 2020 and expanded through additional funding in October 2020, the COVID-19 Layoff Aversion […]

Baltimore County retains coveted “triple-A” bond ratings amid global economic challenges

Posted on March 2, 2021 by Chris Montcalmo

BALTIMORE COUNTY, MD—As the COVID-19 pandemic has continued to disrupt economies across the country and the world, Baltimore County on Tuesday announced it has maintained triple-A bond ratings from all three major rating agencies, allowing the County to continue issuing bonds at the lowest possible interest rates. This week Moody’s Investor Service, Fitch Ratings, and S&P Global Ratings each reaffirmed […]

Governor Hogan announces $7 million in emergency relief awards for Main Street communities

Posted on February 23, 2021 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Tuesday announced $7 million in awards for 41 Main Street programs across the state. The funding will support small businesses and other economic recovery efforts in both the state – and Baltimore City – designated Main Street communities. Through this relief, more than 5,000 businesses will be eligible for support from their local Main Street […]

Governor Hogan enacts RELIEF Act of 2021 [VIDEO]

Posted on February 15, 2021 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Monday signed the RELIEF Act of 2021, which will deliver more than $1 billion in tax relief and economic stimulus for struggling families and small businesses who are suffering as a result of the COVID-19 pandemic. The governor was joined by Senate President Bill Ferguson, House Speaker Adrienne Jones, Senate Minority Leader Bryan Simonaire, House […]

Governor Hogan Maryland State of the State 2021

Governor Hogan delivers Maryland 2021 State of the State [TRANSCRIPT, VIDEO]

Posted on February 4, 2021 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday evening delivered Maryland’s 2021 State of the State address. Following are excerpts from the address: “This crisis will not end overnight, but together we will bring it to an end. We will get our kids back to school, get people back to work, and get life back to normal once again.” ECONOMIC RELIEF: “Our […]

Maryland unemployment rate falls to 6.3% December

Posted on January 26, 2021 by Chris Montcalmo

BALTIMORE, MD—The U.S. Department of Labor’s Bureau of Labor Statistics on Tuesday released state jobs and unemployment data. According to the preliminary survey data, Maryland gained 4,600 jobs in December, with the decrease of 3,100 jobs in the public sector being offset by an increase of 7,700 jobs in the private sector. The unemployment rate decreased to 6.3% in December […]

Governor Hogan announces $30 million in emergency relief for music, entertainment venues

Posted on January 15, 2021 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Friday announced $30 million in awards for more than 90 live music and performance venues, live entertainment promoters, and independently-owned local movie theaters whose operations have been impacted by COVID-19. “These awards will save hundreds of jobs and help many of Maryland’s entertainment venues sustain their operations until they can safely and fully reopen,” said […]

Governor Hogan announces $1 billion emergency stimulus, tax relief package [VIDEO]

Posted on January 11, 2021 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Monday announced the RELIEF Act of 2021, an emergency legislative package that will provide more than $1 billion in direct stimulus and tax relief for Maryland working families, small businesses, and those who have lost their jobs as a result of the COVID-19 pandemic. “With the start of a new 2021 legislative session on Wednesday, […]

Tag: Economy