COVID-19 Disaster Assistance ProgramsMARYLAND Business Relief Wizard: There are numerous local and national programs for businesses in need of emergency support, but understanding which options are relevant for your organization can be a challenge. The Maryland Business Relief Wizard is a tool that helps connect businesses with the resources and programming for which they’re eligible, streamlining the process of finding support.Paycheck Protection ProgramAdditionally, the U.S. Department of Treasury issued additional guidance regarding the Paycheck Protection Program. Links to the resources provided by Treasury can be found below, or on their webpage.- FAQs on the program can be found here.- A top-line overview of the program can be found here.- If you’re a lender, more information can be found here.- If you’re a borrower, more information can be found here.- The application for borrowers can be found here.SBA Economic Injury Disaster Loans (EIDL)
Employee Retention Tax CreditGarrett County Small Business Pandemic Interim Loan
- Guide to SBA's Economic Injury Disaster Loans
- Coronavirus (COVID-19): Small Business Guidance & Loan Resources
- Small Business Development Center (SBDC)
- Sandy Mehalko, Director of SBDC at Frostburg State University, email@example.com
This Families First Coronavirus Response Act poster must be posted at your place of business (if accessible) or emailed to teleworking employees by Thursday, April 1, 2020.
Maryland Department of Labor - The site includes an Updated Process for Filing A Claim and if your employment or business has been impacted - COVID-19 Frequently Asked Questions
Restaurant Employee Relief Fund - Restaurant workers can apply for a grant paid for by the NRAEF fund starting Thursday, April 2, and will receive a one-time $500 check within three weeks to use toward housing, medical bills, student loans, groceries, and other expenses. The NRAEF stipulated that these grants would be administered on a “first-come, first-serve basis.” To apply or to donate click HERE.
CARES (Coronavirus Aid, Relief, and Economic Security) Act
On March 27, the President signed phase 3 of the coronavirus response legislation into law. The bill, also known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.
The stimulus bill includes the “Paycheck Protection Program,” providing 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. The stimulus also includes expansion of the SBA’s Economic Injury Disaster Loan (EIDL) program and 6-months forbearance for existing or new 7A or 504 loans, employee retention tax credit, deferral of payroll taxes for the remainder of the year, economic stabilization loans through the U.S. Treasury for severely distressed sectors, and federal enhancement of unemployment benefits that provides additional $600 weekly to those approved for unemployment and 13 month extension of benefits.
In an effort to slow the spread of COVID-19 and amidst government-mandated shutdowns, many businesses are finding teleworking an appealing option to keep daily operations moving but are uncertain where to get started. If your business or organization is interested in switching to this model in the interim consider checking out these Chamber members to meet your teleworking needs:
If you are a Chamber member and would like to be added to this list or if your business is listed here but your available services have changed please contact Nick Sharps at (301) 387-5237 or email firstname.lastname@example.org.
Download the flyer HERE.
Maryland COVID-19 Emergency Relief Fund Programs for Businesses
From the Maryland Department of Commerce...
Maryland has authorized $130 million in loan and grant funding for small businesses and manufacturers that have been negatively impacted by the Coronavirus (COVID-19). This emergency assistance provides interim relief and proceeds that can be used to pay cash operating expenses including payroll, suppliers, rent, fixed debt payments and other mission critical cash operating costs.
If you are a Maryland-based business impacted by the Coronavirus with under 50 full- and part-time employees, or a Maryland manufacturer, check out the programs below to see if you qualify for assistance.
Maryland Small Business COVID-19 Emergency Relief Loan Fund - This $75 million loan fund (for for-profit businesses only) offers no interest or principal payments due for the first 12 months, then converts to a 36-month term loan of principal and interest payments, with an interest rate at 2% per annum. Learn more.
Maryland Small Business COVID-19 Emergency Relief Grant Fund - This $50 million grant program for businesses and non-profits offers grant amounts up to $10,000, not to exceed 3 months of demonstrated cash operating expenses for the first quarter of 2020. Learn more.
Maryland COVID-19 Emergency Relief Manufacturing Fund - This $5 million incentive program helps Maryland manufacturers to produce personal protective equipment (PPE) that is urgently needed by hospitals and health-care workers across the country. More details are expected to be announced by Friday, March 27, 2020.
Manufacturing Help Hotline
From the Maryland Manufacturing Extension Partnership...
HOW CAN WE HELP YOU: We understand that the current continues to be challenging to manufacturers of all sizes including supply chain disruptions, lost contracts or sales, workforce, access to capital and more. If you are being impacted by these disruptions please let us know how we can help. The MD MEP team will be collecting this information to share with State and Federal stakeholders the impact on the manufacturing community. Additionally, MD MEP stands ready to provide information, resources and both direct assistance and referrals to other stakeholders to help your organization. Use our Maryland Manufacturing Helpline to let us know how we can assist you and how you are being impacted. Access the Maryland Manufacturing Helpline here.
EXECUTIVE ORDER - March 19, 2020 - Expanding Alcoholic Beverage Delivery and Carryout Services / Renewal Application Extension
Addressing Governor Hogan’s Executive Order today on Thursday, March 19, 2020 in regards to expanding alcoholic beverage delivery and carryout services:
The Garrett County Board of License Commissioners approved the attached Resolution dated March 19, 2020. This resolution will allow all Class A, Class B and Class D licensed establishments to sell alcoholic beverages for off-premises consumption in addition to permitting businesses to delivery alcoholic beverages to individuals at least 21 years of age in Garrett County. Special forms, rules and regulations apply in accordance with the Alcoholic Beverages Article§ 21-1903.
At least one of the licensees must complete the Delivery Registration Form to be approved for the delivery of alcoholic beverages. The form will be approved and you will receive a copy back as proof of permission to deliver alcoholic beverages.
Maryland State Police, Garrett County Sheriff’s Office, Oakland Town Police and the Comptroller’s Office will be made aware of the Resolution and requirements.
During this emergency Executive Order the Delivery Option fee will be waived. This permission expires when the emergency order to close restaurants and bars is lifted.
Please email scanned copies of your request to add the Delivery Option for approval.
Also, until further notice the LCB office at the Garrett County Courthouse is closed to the public. I will be teleworking during this closure and will do my best to respond to your calls and emails.
In addition, the Board of License Commissioners have extended the deadline for renewal applications until June 1, 2020. Should the state of emergency still be in effect at that time, the applications will be due back 30 days after the State of Emergency has been lifted by the Governor. Licensees will be informed once new deadlines have been established. Please do your best to complete your applications and mail to the office prior to June 1, 2020. We do understand that your Trader’s License will be impacted and not issued on time, but still send your signed alcoholic beverage renewal applications and paperwork.
Should you have any questions or concerns about the Resolution or any of the Executive Orders, please call me or email.
Take care & stay healthy
Deborah R. Owston
Garrett County Government
Liquor Control Board - Administrator
203 South Fourth Street, Room 208
Oakland, Maryland 21550
Chamber Blog - How to Write an Effective Coronavirus (COVID-19) Message for Your Business
If you have had time to look in your email inbox recently, it's likely cluttered with messages from big brands telling you what they’re doing as we're facing the global pandemic of COVID-19. The point behind these communications is to quell fear and reassure people that it’s safe to patronize these businesses. If you have a physical location, it's likely you need to write one too. People are scared and when fear is a motivator, logic goes out the window. Business owners must convey important messaging to customers or risk losing them. For more information on how to write an effective message for your business check out this recent Chamber Blog post.
Maryland Insurance Administration Advisory on Business Interruption Insurance
BALTIMORE – The Maryland Insurance Administration is receiving a high volume of inquiries about Business Interruption insurance.
Business Interruption coverage is typically triggered under a commercial insurance policy when a covered risk / peril causes physical damage to the insured premises resulting in the need to shut down business operations. For example, if a fire damages a business and the business cannot operate during repairs, business interruption coverage would be available subject to the terms and limits in the policy.
Most policies require a waiting period of 24 to 72 hours before coverage begins and coverage continues for the reasonable period of time to restore the property and reopen, subject to the coverage limit of liability. Some commercial policies provide Business Interruption coverage when a business is shut down due to an Order by a civil authority. However, the policy still typically requires a physical loss from a covered peril as the underlying cause of the business shut down to apply.
All insurance policies have exclusions of coverage for risks that are too great to be underwritten at an affordable price. For example, commercial and personal property insurance policies typically contain specific exclusions for loss or damage caused by war, nuclear action and radiation. The potential loss costs from such perils are so extreme that providing coverage would jeopardize the financial solvency of property insurers. Global pandemics like COVID-19 usually fall into this category. However, policies can be different. We recommend that businesses review their policies and reach out to their insurance professionals with any questions.
The Maryland Insurance Administration would like to reassure Maryland businesses that we are closely monitoring insurance issues related to COVID-19. Our core mission is making sure insurance companies treat customers fairly and follow the provisions in their policy and applicable state laws. We are monitoring relief activity efforts aimed at assisting individuals and businesses at the local, state and federal levels. As information regarding relief programs becomes available, it will be posted on our website: www.insurance.maryland.gov.
Coronavirus (COVID-19) Information for Businesses
The Maryland Department of Commerce in conjunction with the Maryland Department of Labor, the Maryland Department of Assessments and Taxation, and several other state agencies launched a new webpage dedicated to business resources during the Coronavirus (COVID-19) outbreak.
The webpage, available on the Maryland Business Express portal, features several resources available for business throughout the state, including guidelines for employers, fair labor standards, information on insurance claims, opportunities for financial assistance, tax questions, and more.
To find resources or learn more about how to keep yourself, your families, and your workers safe, please visit businessexpress.maryland.gov/coronavirus.
Customizable Coronavirus Flyer
To help you communicate the measures you are taking to ensure the safety of your community, the U.S. Chamber of Commerce created a customizable flyer to display in your place of business. You may access it by clicking here using Adobe Acrobat Reader (free download available at this link). Please open this file in the latest version of Chrome or Edge browser, or Adobe software, to customize. This customizable document offers suggested actions in the drop-down boxes, or you can enter your own information in the text fields. We encourage you to share this flyer with your members as well.
Limiting Exposure/Spread of Coronavirus and Sample Teleworking Agreement
U.S. Chamber of Commerce - Combating the Coronavirus Toolkit