Resources for Business owners /Employers
Sole Proprietors and Small Businesses (May 2021):
You may be eligible for small business grants from the city and state.
Also, the federal Small Business Admin (SBA) is currently offering second round of PPP loans until May 31, 2021 or until remaining funds are exhausted. They suggest you should use community financial institutions (CFI) if you ran into issues last time. There is a list of the CFI and other resources on this website: https://www.baltimoretogether.com/covidresources
Small business owners can also benefit from these CARES provisions:
This provision would provide a refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis.
Go to the last section in The Small Business Owner’s Guide to the CARES Act
Baltimore City Resources
Official website for city resources- https://www.baltimoretogether.com/covidresources
Non-profit organizations can benefit from these provisions:
Eligible for the above-mentioned Paycheck Protection Program, SBA emergency grant, employee retention credit, and payroll tax deferral programs.
Loans: An additional Treasury loan facility for non-profits of any size (not limited to 500 employees).
Disaster relief: A $45 billion Disaster Relief Fund for organizations providing critical and essential services.
Deduction for donors: A special above-the-line charitable giving deduction for 2020 should also boost donations.
Free training, webinars, mentoring or technical support:
Free webinars about CARES funding and other topics. https://www.marylandsbdc.org
US Small Business Administration offers webinars on relief programs
Technical assistance in Baltimore. Fill out the form to request assistance related to COVID.