Mayor Young Seeks Federal Emergency Assistance for Baltimore Small Businesses Impacted by COVID-19 Outbreak

Mayor Young Seeks Federal Emergency Assistance for Baltimore Small Businesses Impacted by COVID-19 Outbreak

Bernard C. “Jack” Young
Mayor,
City of Baltimore
250 City Hall • Baltimore, Maryland 21202 • 410-396-3835


FOR IMMEDIATE RELEASE

March 13, 2020


Contact:
Lester Davis
lester.davis@baltimorecity.gov
443-835-0784(Mobile)


PRESS RELEASE

Mayor Young Seeks Federal Emergency Assistance for Baltimore Small Businesses Impacted by COVID-19 Outbreak
Mayor's letter to Governor Hogan requests state action to help unlock federal disaster loans

BALTIMORE, MD. — Mayor Bernard C. "Jack" Young today sent a letter to Governor Hogan requesting the State's support in unlocking potentially millions of dollars in funding for Baltimore's small businesses through the federal Economic Injury Disaster Loan Program (EIDL).


The EIDL, operated by the U.S. Small Business Administration (SBA), provides working capital to small businesses suffering substantial economic loss from the Coronavirus (COVID-19).


The SBA, after receiving a request from a state’s Governor, can issue funding under the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by President Trump.


"In advance of what I believe will be a severe impact to our small business community in Baltimore as a result of the COVID-19 emergency, my administration is preparing contingencies and lining up resources," Mayor Young wrote in his letter to Governor Hogan. "Many small businesses, in particular the hospitality industry, are already experiencing reductions in their sales and as a consequence are laying off employees."
Baltimore is home to more than 12,000 small businesses, according to the Baltimore Development Corporation. Collectively, the shops represent the economic backbone of Baltimore's local economy.