Governor Larry Hogan’s Maryland Strong: Economic Recovery Initiative has been open for just about a week and more than 200 applications have been submitted.
Now application deadlines are approaching for Main Street businesses, tourism nonprofits, and entertainment venues.
The Maryland Department of Housing and Community Development is administering state recovery funds through the Maryland Strong Economic Recovery Initiative (MD-SERI). Eligible applicants can receive up to $500,000 in grant assistance for operational support. The initiative will provide targeted support to:
Carol Gilbert, the Assistant Secretary of the Maryland Department of Housing and Community Development, says there is a list of requirements to be eligible.
“Number one, the most important thing is to be able to show how the business or the nonprofit revenues were affected by COVID. And also how COVID might have increased the businesses expenses in order to adapt or pay hazard pay,“ says Gilbert.
The $250 million ‘Maryland Strong: Economic Recovery Initiative,’ will provide funding from the Rainy Day Fund to directly assist restaurants, small businesses, local entertainment venues, arts organizations, and Main Streets across the state. The initiative doubles the state’s total commitment to COVID-19 emergency economic relief for Marylanders to $500 million.
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