COVID-19 Business and Nonprofit Assistance
We are collecting resources to assist our business community.
A&E Orgs/Small Business Resources
A&E Funding Resources During COV-19
From Maryland State Government: Small Business & Nonprofits
The State of Maryland announced new COVID-19 business relief programs on March 23. These resources are available through the Department of Commerce and the Department of Labor . The State of Maryland has consolidated their information into one page listing grants, and COVID-19 Guidance at https://govstatus.egov.com/md-coronavirus-business .
Maryland has authorized $130 million in loan and grant funding for small businesses and manufacturers that have been negatively impacted by the Coronavirus (COVID-19). This emergency assistance provides interim relief and proceeds that can be used to pay cash operating expenses including payroll, suppliers, rent, fixed debt payments and other mission critical cash operating costs.
If you are a Maryland-based business impacted by the Coronavirus with under 50 full- and part-time employees, or a Maryland manufacturer, check out the programs below to see if you qualify for assistance.
Federal Funding for Business, Nonprofits and Individuals
Small businesses can apply here for Federal Funding.
The CARES Act (information provided by the State of Maryland)
- The CARES Act was passed by Congress and signed into law on March 27, 2020. Read an overview here and a Q&A from the U.S. Senate Committee on Small Business and Entrepreneurship can be found here. Additional information from the U.S. Department of the Treasury can be found here.
- Under the CARES Act, $350 billion will be used to establish the Paycheck Protection Program (PPP), which provides loan guarantees to small businesses to assist with payroll costs for workers who are forced to stay home. Loans will be available for firms that meet SBA small business size standards, self-employed, sole proprietors, independent contractors (i.e., workers in the “gig” economy), and certain nonprofits including 501(c)(3)s, 501(c)(19)s, and tribal business concerns with fewer than 500 employees.
- For companies with more than 500 employees, the CARES Act provides $500 billion distributed to distressed industries, including passenger airlines, cargo air carriers, and industries related to national security. Read more.
- The CARES Act also creates a $150 billion Coronavirus relief fund for states and territories.
- $139 billion is set aside for states and is allocated based on population, using latest census data. There is a minimum of $1.25 billion per state. Maryland is expected to receive an estimated $2.344 billion.
- Local governments in jurisdictions with populations of at least 500,000 may request a direct payment from the U.S. Department of the Treasury.
- The CARES Act establishes a refundable, 50% payroll tax credit covering up to $10,000 paid per employee, including benefits from the period of March 13, 2020 to December 31, 2020. Read more, and find additional IRS guidance on Coronavirus tax relief here.
- The CARES Act also includes support for economic development agencies and programs, including funding for the Community Development Block Grant, assistance to minority business development centers and minority chambers of commerce, several million for state arts and humanities agencies and partners, and more, to assist businesses in need. Read more.
Montgomery County Government Funding: For Business, Nonprofits, and Individuals
Applications can be found here: https://www.montgomerycountymd.gov/Biz-Resources/pheg/
If you have questions about program eligibility criteria or information and documentation requirements, email BizinfoCovid19@montgomerycountymd.gov. Montgomery County announced $20 million will be available for small for-profit businesses and nonprofit organizations.
Maryland State Arts Council: For Nonprofit Arts Funding
Practicing Artist Relief Fund
A coalition of grantmakers have established emergency relief fund for artists and creative workers that will provide $5,000 no-strings-attached grants. It is intended for anyone who earns income from their creative or artistic practice and who has also been affected by COVID-19.
For Visual Artists in the DC Area
New Grant for Restaurant Workers
Guy Fieri and the National Restaurant Association Has Launched Relief Fund to Give $500 Checks to Restaurant Workers Affected by Coronavirus
Restaurant Employee Relief Fund
Here’s how it works: Restaurant workers can apply for a grant paid for by the NRAEF fund starting Thursday, April 2, and will receive a one-time $500 check within three weeks to use toward housing, medical bills, student loans, groceries, and other expenses. The NRAEF stipulated that these grants would be administered on a “first-come, first-serve basis.” To apply or to donate visit:
**For additional information on funding opportunities, please continue to check back at the Montgomery County Government, State of Maryland, and SBA site.