Current:Home > reviewsMaryland program to help Port of Baltimore businesses retain employees begins-DB Wealth Institute B2 Reviews & Ratings
Maryland program to help Port of Baltimore businesses retain employees begins
lotradecoin reliability View Date:2024-12-25 16:45:40
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! (6861)
Related
- Jackson City Councilwoman Angelique Lee resigns after federal bribery charge
- Russia says it test-fired an intercontinental ballistic missile from a new nuclear submarine
- Louisiana-Monroe staff member carted off after sideline collision in game vs. Southern Miss
- Katy Perry and Orlando Bloom's Daughter Daisy Dove Is in Full Bloom at Her First Public Appearance
- Anchorage police shoot, kill teenage girl who had knife; 6th police shooting in 3 months
- Record-setting A.J. Brown is colossal problem Cowboys must solve to beat Eagles
- The Israel-Hamas war has not quashed their compassion, their empathy, their hope
- VPR's Ariana Madix Reveals the Name Tom Sandoval Called Her After Awkward BravoCon Reunion
- 'Business done right': Why the WWE-TNA partnership has been a success
- Californians bet farming agave for spirits holds key to weathering drought and groundwater limits
Ranking
- The Sunscreen and Moisturizer Duo That Saved My Skin on a Massively Hot European Vacation
- Israel tightens encirclement of Gaza City as Blinken urges more civilian protection — or else there will be no partners for peace
- Singapore’s prime minister plans to step down and hand over to his deputy before the 2025 election
- Maine considers electrifying proposal that would give the boot to corporate electric utilities
- Australian Olympic Committee hits out at criticism of controversial breaker Rachael Gunn
- Singapore’s prime minister plans to step down and hand over to his deputy before the 2025 election
- Iranians mark the anniversary of the 1979 US embassy takeover while calling for a ceasefire in Gaza
- Chelsea’s Emma Hayes expected to become US women’s soccer coach, AP source says
Recommendation
-
Justice Department defends Boeing plea deal against criticism by 737 Max crash victims’ families
-
These Celebrity Bromances Will Brighten Your Weekend
-
WWE Crown Jewel takeaways: Kairi Sane has big return, while Solo Sikoa and LA Knight shine
-
Save 42% on That Vitamix Blender You've Had on Your Wishlist Forever
-
Family of man killed by Connecticut police officer files lawsuit, seeks federal probe of department
-
Biden spent weeks of auto strike talks building ties to UAW leader that have yet to fully pay off
-
Estonia will allow Taiwan to establish a nondiplomatic representative office in a policy revision
-
Celebrities running in the 2023 NYC Marathon on Sunday