Current:Home > StocksMaryland program to help Port of Baltimore businesses retain employees begins -TradeSphere
Maryland program to help Port of Baltimore businesses retain employees begins
View
Date:2025-04-16 07:38:49
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! (47799)
Related
- Former Syrian official arrested in California who oversaw prison charged with torture
- Arkansas man finds 4.87 carat diamond in Crater of Diamonds State Park, largest in 3 years
- China emerged from ‘zero-COVID’ in 2023 to confront new challenges in a changed world
- US historians ID a New Mexico soldier killed during WWII, but work remains on thousands of cases
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Meet the Russian professor who became mayor of a Colombian city
- Tennessee judge pushes off issuing ruling in Ja Morant lawsuit
- Chemical leak at Tennessee cheese factory La Quesera Mexicana sends 29 workers to the hospital
- Meet first time Grammy nominee Charley Crockett
- A St. Louis nursing home closes suddenly, prompting wider concerns over care
Ranking
- Trump issues order to ban transgender troops from serving openly in the military
- Arizona man arrested for allegedly making online threats against federal agents and employees
- A St. Louis nursing home closes suddenly, prompting wider concerns over care
- Zac Efron Explains Why He Wore Sunglasses Indoors on Live TV
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- More than 150 names linked to Jeffrey Epstein to be revealed in Ghislaine Maxwell lawsuit
- How do people in Colorado feel about Trump being booted from ballot? Few seem joyful.
- US senator’s son faces new charges in crash that killed North Dakota sheriff’s deputy
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Jason Kelce responds to Jalen Hurts 'commitment' comments on 'New Heights' podcast
Your single largest payday may be a 2023 tax filing away. File early to get a refund sooner
In 2023, opioid settlement funds started being paid out. Here's how it's going
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Joel Embiid powers the Philadelphia 76ers past the Minnesota Timberwolves 127-113
Corn syrup is in just about everything we eat. How bad is it?
2 adults, 2 children injured in explosion that 'completely destroyed' South Florida home