Business, Politics

Governor Hogan announces $198 million in small business relief

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 …


Business, Family, Politics

Governor Hogan announces $200 million affordable housing package to address rising costs

ANNAPOLIS, MD—Governor Larry Hogan this week announced that more than $200 million in financing tools and new programs will be made available to create new affordable housing opportunities in the state. The Maryland Department of Housing and Community Development (DHCD) will administer the funds to produce more than 6,000 additional units statewide amid rising construction costs and interest rates. “During …


16 Baltimore County businesses among second round of Project Restore grant recipients

ANNAPOLIS, MD—Governor Larry Hogan on Tuesday announced the second round of recipients for Project Restore, a $25 million economic recovery initiative that provides financial incentives to revitalize vacant retail and commercial space. In this round of awards, 209 businesses will receive $5.2 million in rental subsidies and $9.3 million in business operations grants over the next two years, totaling $14.5 …

Governor Hogan announces opening of Maryland Homeowner Assistance Fund

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday announced the launch of the $248 million Maryland Homeowner Assistance Fund, which will be administered by the Maryland Department of Housing and Community Development (DHCD) to support mortgage relief, home repairs, housing counseling, and legal services. “Across Maryland, there are homeowners who are struggling to keep up with their mortgage payments due to the …

11 Baltimore County businesses among first round of Project Restore grant recipients

ANNAPOLIS, MD—Governor Larry Hogan this week announced the first round of awardees for Project Restore, a $25 million economic recovery initiative that provides financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. A total of 144 businesses in 23 jurisdictions will receive $3.6 million in rental subsidies and $7.2 million in business operations grants …

Governor Hogan announces $10 million Homeownership Works initiative

ANNAPOLIS, MD—Governor Larry Hogan this week announced the launch of the Homeownership Works (HOW) pilot program, a $10 million economic recovery initiative that will rehabilitate homes to create new homeownership opportunities while revitalizing Johnston Square in Baltimore City and Pine Street in Cambridge. “Homeownership Works is a game-changing approach that will serve as a national best practice for community renewal,” …

Governor Hogan announces $10 million in relief for live entertainment venues in Maryland

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday announced the recipients of 65 awards totaling $10 million for live music and performance venues and live entertainment promoters affected by the COVID-19 pandemic. This relief funding is in addition to the $30 million allocated earlier this year to music and entertainment venues as part of the State of Maryland’s economic recovery plan. “As …

Governor Hogan submits $1.08 billion supplemental budget focused on rental assistance, higher education, transportation

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday submitted a $1.08 billion supplemental budget for Fiscal Year 2022 that expands critical rental assistance programs, restores key funding for transportation infrastructure projects, and increases funding for minority-serving colleges and universities. Rental Assistance Based on the recommendations of a bipartisan advisory group, the supplemental budget allocates federal emergency rental assistance of $258 million, including: …