Current:Home > InvestMaryland program to help Port of Baltimore businesses retain employees begins -ProfitSphere Academy
Maryland program to help Port of Baltimore businesses retain employees begins
View
Date:2025-04-12 14:23:27
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! (53)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Amanda Little: What Is The Future Of Our Food?
- Pregnant Jessie J Claps Back at Haters Calling Her Naked Photo “Inappropriate”
- U.K. says Russia likely training dolphins in Ukraine's occupied Crimean peninsula to counter enemy divers
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Don't Let Dandruff Ruin a Good Hair Day: 8 Shampoos & Treatments for a Happy, Healthy Scalp
- The Biden Administration Is Adding Worker Protections To Address Extreme Heat
- Three (Hopeful!) Takeaways From The UN's Climate Change Report
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- How Climate Change Is Making Storms Like Ida Even Worse
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Goodbye, Climate Jargon. Hello, Simplicity!
- This $13 Blackhead-Removing Scrub Stick Has 6,600+ 5-Star Amazon Reviews
- China accuses Biden of open political provocation for equating President Xi Jinping to dictators
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Western States Face Water Cuts As A Shortage In The Colorado River Is Declared
- These giant beautiful flowers can leave you with burns, blisters and lifelong scars. Here's what to know about giant hogweed.
- Titanic director James Cameron sees terrible irony as OceanGate also got warnings that were ignored
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
EPA Moves To Sharply Limit Potent Gases Used In Refrigerators And Air Conditioners
Fitbit 24-Hour Flash Deal: Save $50 on the Versa 4 Smartwatch and Activity Tracker
A new report shows just how much climate change is killing the world's coral reefs
Highlights from Trump’s interview with Time magazine
Greenland Pummeled By Snow One Month After Its Summit Saw Rain For The First Time
A new report shows just how much climate change is killing the world's coral reefs
There's A Big Push For Electric Cars, With The White House Teaming Up With Automakers