Current:Home > MyMaryland program to help Port of Baltimore businesses retain employees begins -Wealth Evolution Experts
Maryland program to help Port of Baltimore businesses retain employees begins
View
Date:2025-04-25 08:53:39
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! (52)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- States Are Using Social Cost of Carbon in Energy Decisions, Despite Trump’s Opposition
- Hurry to Aerie's Sale Section for $15 Bikinis, $20 Skirts, $16 Leggings & More 60% Off Deals
- Produce to the People
- Intellectuals vs. The Internet
- Community Solar Heads for Rooftops of NYC’s Public Housing Projects
- Jedidiah Duggar and Wife Katey Welcome Baby No. 2
- Should ketchup be refrigerated? Heinz weighs in, triggering a social media food fight
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Zendaya Reacts to Tom Holland’s “Sexiest” Picture Ever After Sharing Sweet Birthday Tribute
Ranking
- The Super Bowl could end in a 'three
- Elon Musk: Tesla Could Help Puerto Rico Power Up Again with Solar Microgrids
- The Worst-Case Scenario for Global Warming Tracks Closely With Actual Emissions
- Airline passengers are using hacker fares to get cheap tickets
- Global Warming Set the Stage for Los Angeles Fires
- Kate Middleton Is Pretty in Pink at Jordan's Royal Wedding With Prince William
- Family Feud Contestant Timothy Bliefnick Found Guilty of Murdering Wife Rebecca
- Jim Bob and Michelle Duggar Break Silence on Duggar Family Secrets Docuseries
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
NASCAR champion Jimmie Johnson's in-laws and their grandson found dead in Oklahoma home
Electric Trucks Begin Reporting for Duty, Quietly and Without All the Fumes
Michigan man accused of planning synagogue attack indicted by grand jury
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
California man sentenced to more than 6 years in cow manure Ponzi scheme
Feeding 9 Billion People
Earn less than $100,000 in San Francisco? Then you are considered low income.