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Governor Hogan Announces $250 Million ‘Maryland Strong: Economic Recovery Initiative’

Governor Hogan Announces $250 Million ‘Maryland Strong: Economic Recovery Initiative’
Doubles Commitment to Emergency Economic Relief for Marylanders to $500 Million
Includes New Relief Programs and Expansion of Existing Programs for Businesses, Restaurants, Main Streets, Arts, and Tourism

ANNAPOLIS, MD — (October 22, 2020) Governor Larry Hogan today announced the $250 million ‘Maryland Strong: Economic Recovery Initiative,’ which will provide funding from the Rainy Day Fund to directly assist restaurants, small businesses, local entertainment venues, arts organizations, and Main Streets across the state. The initiative doubles the state’s total commitment to COVID-19 emergency economic relief for Marylanders to $500 million.

“This new $250 million ‘Maryland Strong: Economic Recovery Initiative’ will be critical to the thousands of struggling restaurants, small businesses, and Main Streets across the state that are attempting to weather this crisis,” said Governor Hogan. “I have directed our entire team in each agency to ensure that this much-needed funding gets out the door to our struggling citizens and small businesses as quickly as possible. We also intend to work closely with our local partners so that they can assist in expeditiously getting this money into the hands of those who need it most.”

For more information visit: https://governor.maryland.gov/2020/10/22/governor-hogan-announces-250-million-maryland-strong-economic-recovery-initiative/.

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