Department of Commerce – State Funding
Agency / Department: Department of Commerce
Resource: State Funding
Details: Governor Larry Hogan announced that Maryland has allocated more than $175 million to assist small businesses and nonprofit organizations impacted by the Coronavirus outbreak. Up to $130 million in new funding, through the Maryland Department of Commerce, will help support new loan and grant programs as well as manufacturers, and $7 million in funding through the Maryland Department of Labor is designed to help small businesses retain their workforce.