Current:Home > MyMaryland program to help Port of Baltimore businesses retain employees begins -MoneySpot
Maryland program to help Port of Baltimore businesses retain employees begins
View
Date:2025-04-16 10:15:16
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! (7)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Nate Oats' extension with Alabama will make him one of college basketball's highest-paid coaches
- North Dakota voters will decide whether 81 is too old to serve in Congress
- Things to know about Uber and Lyft saying they will halt ride-hailing services in Minneapolis
- South Korean president's party divided over defiant martial law speech
- Teen gets 40 years in prison for Denver house fire that killed 5 from Senegal
- McDonald's experiences tech outages worldwide, impacting some restaurants
- In close primary race, trailing North Carolina legislator files election protests
- Questlove charts 50 years of SNL musical hits (and misses)
- Coroner’s probe reveals Los Angeles maintenance man was Washington rape suspect believed long dead
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- From 4-leaf clovers to some unexpected history, all you need to know about St. Patrick’s Day
- Wayne Brady Details NSFW DMs He’s Gotten Since Coming Out as Pansexual
- Maui’s mayor prioritizes housing and vows to hire more firefighters after Lahaina wildfire
- Senate begins final push to expand Social Security benefits for millions of people
- Arizona authorities say a road rage incident led to a motorist’s death. The other man was arrested.
- For Today Only, Save Up to 57% Off the Internet-Viral Always Pans 2.0
- The House wants the US to ban TikTok. That's a mistake.
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Bears trade Justin Fields to Steelers, clear way to take a QB such as Caleb Williams with No. 1 pick
Report: Law enforcement should have taken man into custody before he killed 18 in Maine
Top remaining NFL free agents: Ranking the 25 best players still available
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
The Daily Money: Do you hoard credit-card perks?
Boeing 737 Max engine issue will take up to a year to fix, company tells lawmakers
A new front opens over South Dakota ballot initiatives: withdrawing signatures from petitions