Current:Home > ScamsMaryland program to help Port of Baltimore businesses retain employees begins -GrowthProspect
Maryland program to help Port of Baltimore businesses retain employees begins
View
Date:2025-04-14 06:41:44
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! (6)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Sara Foster Confirms Breakup From Tommy Haas, Shares Personal Update Amid Separation
- Kentucky voters to decide fate of school choice ballot measure
- Nebraska adds former coach Dana Holgorsen as offensive analyst, per report
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Savencia Cheese recalls Brie cheeses sold at Aldi, Market Basket after listeria concerns
- Tropical Storm Rafael to become hurricane before landfall in Cuba. Is US at risk?
- NFL power rankings Week 10: How has trade deadline altered league's elite?
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Kristin Cavallari Wants Partner With a Vasectomy After Mark Estes Split
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Nebraska adds former coach Dana Holgorsen as offensive analyst, per report
- Connecticut to decide on constitution change to make mail-in voting easier
- High winds – up to 80 mph – may bring critical fire risk to California
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Tim Walz’s Family Guide: Meet the Family of Kamala Harris’ Running Mate
- Bernie Marcus, The Home Depot co-founder and billionaire philanthropist, dies at 95
- High winds – up to 80 mph – may bring critical fire risk to California
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
What It's Really Like Growing Up As First Kid in the White House
The Daily Money: Your Election Day roundup
Colin Allred, Ted Cruz reach end of Senate race that again tests GOP dominance in Texas
$73.5M beach replenishment project starts in January at Jersey Shore
Za'Darius Smith trade winners, losers: Lions land Aidan Hutchinson replacement
Baltimore mayor Brandon Scott speaks of 'transformative' impact of sports
Is oat milk good for you? Here's how it compares to regular milk.