Current:Home > FinanceMaryland program to help Port of Baltimore businesses retain employees begins -Finovate
Maryland program to help Port of Baltimore businesses retain employees begins
View
Date:2025-04-18 18:29:39
ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore announced on Friday the start of a program to help Port of Baltimore businesses retain employees in the aftermath of the Francis Scott Key Bridge collapse.
The $12.5 million program aims to prevent layoffs while recovery work continues. The program was created by executive order and authorized by emergency legislation the governor signed on Tuesday.
“We must do everything in our power to support the 8,000 Port workers whose jobs have been directly affected by the collapse of the Key Bridge — and the thousands more who have been touched by this crisis,” Moore, a Democrat, said in a news release.
The program is being run by the state’s labor department.
“The Worker Retention Program will keep Port businesses in operation and workers able to earn income and support their families as the U.S. Army Corps and others work to get the shipping channels reopened,” said Maryland Secretary of Labor Portia Wu.
Under the program, entities eligible for up to $200,000 in grants include businesses that employ up to 500 workers, unions, trade associations, and organizations that have had operations hindered or completely halted by the port slowdown.
Up to $7,500 can be spent per worker on wages or other support.
Businesses that receive funding under the program must demonstrate an effort to the fullest extent to avoid layoffs and maintain workforce hours, rates of pay, and benefits that were in effect before the port’s reduced operations.
Allowable expenses include supportive services for workers, such as subsidizing child care and transportation costs as well as payroll expenses as part of participation in the Work Sharing Unemployment Insurance Program.
The governor’s office said other relief programs that were authorized by the legislation signed into law this week will start on April 22.
One of them provides grants of up to $100,000 to eligible businesses that have had operations impacted or shipments disrupted at the port. To be eligible, businesses must demonstrate economic and financial injury through a reduction in business revenue and activity, or increased costs to business operations.
The Department of Commerce: Port of Baltimore Emergency Business Assistance Program will begin accepting applications.
Another program will make a total of $15 million in loans and grants available to businesses that have been affected by a loss of revenue or increased costs, under the Neighborhood BusinessWorks program administered by the Maryland Department of Housing and Community Development.
The Small Business Grants Program will have $5 million to offer grants up to $50,000 to small businesses within a 5-mile radius of the Key Bridge, and the Business Loan Program will have $10 million to offer loans up to $500,000 to businesses impacted by the Key Bridge collapse or reduction in Port activity statewide.
The container ship Dali was leaving Baltimore, laden with cargo and headed for Sri Lanka, when it struck one of the bridge’s supporting columns last month, causing the span to collapse into the Patapsco River. Six members of a roadwork crew were killed.
veryGood! (1)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Tax season is underway. Here are some tips to navigate it
- Prosecutors in Trump classified documents case draw sharp distinctions with Biden investigation
- 2024 designated hitter rankings: Shohei Ohtani now rules the NL
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Union reaches tentative contract at 38 Kroger stores in West Virginia, Kentucky, Ohio
- Bye, department stores. Hello, AI. Is what's happening to Macy's and Nvidia a sign of the times?
- Former US Rep. George Santos, expelled from Congress, says he is running again
- Trump issues order to ban transgender troops from serving openly in the military
- These Empowering Movies About Sisterhood Show How Girls Truly Run the World
Ranking
- Nevada attorney general revives 2020 fake electors case
- Akira Toriyama, legendary Japanese manga artist and Dragon Ball creator, dies at 68
- Pentagon study finds no sign of alien life in reported UFO sightings going back decades
- Duke-North Carolina clash leads games to watch on final weekend of college basketball season
- Skins Game to make return to Thanksgiving week with a modern look
- Stock market today: Asian shares rise after Wall Street sets another record
- Minneapolis Uber and Lyft drivers due for $15 an hour under council’s plan but mayor vows a veto
- Transcript of the Republican response to the State of the Union address
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Rare 2-faced calf born last month at a Louisiana farm is flourishing despite the odds
Jennifer Hudson, Barry Manilow mourn death of 'American Idol' vocal coach Debra Byrd
Two former Texas deputies have been acquitted in the death of a motorist following a police chase
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Women’s mini-tour in Florida changes to female-at-birth policy
New Lake Will Fuel Petrochemical Expansion on Texas Coast
Democrat Min to face Republican Baugh in California’s competitive 47th Congressional District