Due to a recent increase in COVID-19 cases, on November 12, 2020, County Executive Angela Alsobrooks announced a return to 25% capacity for bars, restaurants, and retail and 50% capacity for outdoor dining, grocery stores, and big box retail. Find more information about business closures and restrictions on the County's Coronavirus website.
Businesses and non-profit organizations impacted by the COVID-19 pandemic in the State of Maryland can use the following Federal, State, and Local funding resources. Funding is not always guaranteed and businesses are encouraged to apply ASAP. Additional guidance can be found in this detailed breakdown of all offerings and in the Small Business Owners Guide to the CARES Act.
Maryland businesses can use the state's Business Relief Wizard tool to find the programs that are most relevant.
- U.S. Small Business Administration (SBA) – The SBA has resumed processing Economic Injury Disaster Loan (EIDL), Express Bridge Loan and Debt Relief applications.
- Maryland Work Sharing Unemployment Insurance - Provides an alternative to layoffs for employers faced with a temporary decline in business. Qualified employers are able to retain employees by reducing their hours of work by a percentage equal to the total reduction of hours that would have been achieved by a layoff. The employees whose hours are reduced receive partial UI benefits to supplement lost wages.
- Maryland Small Business Development Financing Authority COVID-19 Emergency Relief Loan Fund - provides emergency financial relief to Maryland businesses through low interest rates and low documentation loans.
- Grants for Arts Organizations & Artists: The Maryland State Arts Council has created special grant opportunities to provide emergency funding for art organizations and artists in Maryland.
- Childcare Recovery Program: Prince George’s County has launched a new grant program for childcare providers impacted by the COVID-19 pandemic.
- Restaurant Resiliency Fund: grants up to $25,000 for Prince George’s County-based restaurants and food establishments to promote long-term sustainability and resiliency of businesses operations, support COVID-19 safety measures, and support businesses operating at reduced capacity. Applications accepted until December 18, 2020. Applications reviewed on a first-come, first-served basis.
- Employ Prince George’s COVID-19 Rapid Re-Employment Grant program: Businesses that hire Prince George’s County residents before December 15 will qualify for grants up to $15,000 per new employee hired. Grants will supplement 50% to 90% of an employee’s salary during an agreed upon period. Businesses are eligible for up to $50,000 in grants for this program.
- View the PGC EDC's June 24 webinar on updates to the federal Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL)
Hyattsville Business RoundtablesThe City of Hyattsville hosts quarterly meetings for local business owners to provide relevant business community updates and share resource, program, and grant/loan information. For questions and to receive more information, email Community Planner Lillie Lamptey at email@example.com.
Missed the City's Fall 2020 Business Roundtable? No worries, we have you covered! View representatives from the City, County, and State share resources and best practices to help businesses, small and large, find success in this new normal.