Paycheck Protection Program Archives - Page 2 of 2

Attorney General Frosh announces court victory in attempt to transfer CARES Act funds from public schools

Posted on August 27, 2020 by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh on Thursday announced that a coalition of attorneys general has secured a preliminary injunction against U.S. Department of Education’s attempt to transfer pandemic relief funds away from K-12 public schools. In reaching the decision, the court held that the Department of Educations may have unlawfully reinterpreted the Coronavirus Aid, Relief, and Economic Security […]

Frosh joins coalition urging Congress to strengthen Paycheck Protection Program

Posted on May 6, 2020 by Chris Montcalmo

NOTTINGHAM, MD—Maryland Attorney General Brian E. Frosh on Wednesday joined a coalition of 23 state attorneys general in calling for key changes to the Paycheck Protection Program (PPP) to ensure that funds are distributed fairly and equitably. In a letter sent to Congressional leadership, the attorneys general express concern that the program, while helping some small businesses and their employees, […]

SBA lenders to begin taking applications for 2nd round of Paycheck Protection Program funding on Monday

Posted on April 26, 2020 by Chris Montcalmo

NOTTINGHAM, MD—On Monday, SBA lenders will begin taking applications again for the second round of funding for the Paycheck Protection Program. Baltimore County officials say funding will be very limited so business owners should be prepared to submit their applications first thing on Monday morning. The first round of PPP funding was exhausted in less than two week. This second […]

Gov. Hogan Press Conference: Maryland schools to remain closed through May 15 [VIDEO]

Posted on April 17, 2020 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan held a press conference on Friday to provide an update on the state’s COVID-19 response. At the press conference, Dr. Karen B. Salmon, State Superintendent of Schools, announced the schools would remain closed through May 15th. More details will follow shortly. The governor also announced that announces that $8 million has been provided to 410 small […]

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

Posted on April 9, 2020 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, […]

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

Posted on April 3, 2020 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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