Current:Home > ContactMaryland program to help Port of Baltimore businesses retain employees begins -Financium
Maryland program to help Port of Baltimore businesses retain employees begins
View
Date:2025-04-16 11:12:29
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! (35)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Red Lobster lists 99 restaurants closed in 28 states: See locations closing in your state
- Precious Moments creator Sam Butcher dies at 85 surrounded by loved ones
- Louisiana governor declares emergency after severe storms leave 3 dead
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- WNBA rookie power rankings: Cameron Brink shines; Caitlin Clark struggles
- Mega Millions winning numbers for May 21 drawing: Jackpot climbs to $453 million
- WNBA rookie power rankings: Cameron Brink shines; Caitlin Clark struggles
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- New college grads face a cooling job market. Here's where the jobs are.
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Save $100 on a Dyson Airstrait Straightener, Which Dries & Styles Hair at the Same Time
- Tamera Mowry Shares Honest Message About “Not Perfect” 13-Year Marriage to Adam Housley
- Are you spending more money shopping online? Remote work could be to blame.
- Questlove charts 50 years of SNL musical hits (and misses)
- Multiple people killed by Iowa tornado as powerful storms slam Midwest
- Harbor Freight digital coupons from USATODAY Coupons page can help you save
- Judge dismisses felony convictions of 5 retired U.S. Navy officers in Fat Leonard bribery case
Recommendation
Meta releases AI model to enhance Metaverse experience
Man indicted after creating thousands of AI-generated child sex abuse images, prosecutors say
Red Lobster closings dot the country. We mapped out where all 99 are located.
Emma Corrin Details “Vitriol” They’ve Faced Since Coming Out as Queer and Nonbinary
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Bodycam video shows encounter with woman living inside Michigan store's rooftop sign for a year
Venus Williams among nine women sports stars to get their own Barbie doll
Lawsuits claim 66 people were abused as children in Pennsylvania’s juvenile facilities