MSBDFA Archives - Nottingham MD

Governor Hogan announces Maryland’s State Small Business Credit Initiative programs now open

Posted on August 24, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced Maryland programs funded by the State Small Business Credit Initiative (SSBCI) are open. Up to $198 million in federal small business relief is being administered by three state agencies: the Maryland Department of Housing and Community Development (DHCD), the Maryland Department of Commerce, and the Maryland Technology Development Corporation (TEDCO). These agencies will […]

Governor Hogan announces $198 million in small business relief

Posted on May 20, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced that the State of Maryland will deploy up to $198 million in federal small business relief through the State Small Business Credit Initiative (SSBCI). Maryland was the first state in the nation to submit its SSBCI deployment plan to the United States Treasury Department, and today was one of the first five states […]

Governor Hogan announces $250 million ‘Maryland Strong: Economic Recovery Initiative’

Posted on October 22, 2020 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Thursday afternoon announced the $250 million ‘Maryland Strong: Economic Recovery Initiative,’ which 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. “This […]

Governor Hogan announces $190 million in COVID-19 relief for small businesses, higher education, nonprofits

Posted on June 30, 2020 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Tuesday announced $190 million in relief to help colleges, small businesses, and nonprofit organizations affected by the COVID-19 pandemic. In total, over the last week, the governor has announced $475 million in new investments through the federal CARES Act. “As Maryland continues to grapple with an unprecedented fiscal crisis, we are directing more than $475 […]