Current:Home > FinanceMaryland program to help Port of Baltimore businesses retain employees begins -Capitatum
Maryland program to help Port of Baltimore businesses retain employees begins
Algosensey View
Date:2025-04-06 16:01:40
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! (71941)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Abbott Elementary's Sheryl Lee Ralph and Janelle James Unexpectedly Twin at the Golden Globes
- Who's hosting the 2024 Golden Globes? All about comedian Jo Koy
- Dua Lipa's Bone Dress Just Might Be the Most Polarizing Golden Globes Look
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- FDA: Recalled applesauce pouches had elevated lead levels and another possible contaminant
- In 'All Of Us Strangers,' coming home is bittersweet
- Golden Globes winners 2024: Follow the list in live time
- Trump wants to turn the clock on daylight saving time
- South Dakota lawmakers see alignment with Noem as session begins
Ranking
- Meet first time Grammy nominee Charley Crockett
- Horoscopes Today, January 7, 2024
- Oprah Winfrey Shines on Golden Globes Red Carpet Amid Weight Loss Journey
- Lebanon airport screens display anti-Hezbollah message after being hacked
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Pope calls for universal ban on surrogacy in global roundup of threats to peace and human dignity
- Golden Globes 2024 Red Carpet Fashion: See Every Look as the Stars Arrive
- Palestinians flee from central Gaza’s main hospital as fighting draws closer and aid groups withdraw
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Officers in Colorado are investigating an apparent altercation between Rep. Boebert and ex-husband
Falcons coach Arthur Smith erupts at Saints' Dennis Allen after late TD in lopsided loss
Michael Penix's long and winding career will end with Washington in CFP championship game
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Golden Globes 2024: Will Ferrell Reveals If He’d Sign On For a Ken-Centric Barbie Sequel
'Oppenheimer' dominates Golden Globes as 'Poor Things' upsets 'Barbie' in comedy
Biggest moments you missed at the Golden Globes, from Jennifer Lawrence to Cillian Murphy