Page 18 - February 2021 Issue.indd

Larry Hogan is Proposing relief program is focused on tax relief
for small businesses, which will help
$1 Billion in Further with cash fl ow.
Economic Relief

The U.S. Small Business Administration
By Debbie Bowden, Director, Caroline (SBA) reopened its Payroll Protection
County Economic Development Program (PPP) and Economic Injury
Disaster Loan (EIDL) in January. Th e
There was a great deal of news last extended to December 31, 2021, for PPP program is administered through

month about federal and state support to monies not spent. The County did not banks and lending institutions, and
small businesses. Information is fl owing want to risk sending back federal dollars EIDL is done directly through SBA.
every day, and things are changing that could instead be put to better use Check with US SBA website for more
rapidly regarding relief packages to in Caroline and put out every dollar information, as these programs will be
small businesses. Loans and grants, tax in CARES funding we received. As of ever changing.
credits and repeal of taxes – all designed mid-January, Caroline County has not
For updates on any future business
to help with operating capital of the received any additional funding to
support, please visit carolinebusiness.
hardest hit businesses due to COVID19. support another grant program.
com, sign up for our newsletter, and
Funded by the 2020 federal CARES The Maryland General Assembly follow Caroline County Economic
fund, we stood up the Small Business is in session for 2021, and Governor Development on Facebook.
Grant Program which helped us provide Larry Hogan announced that his
$2,061,677 in relief to 173 Caroline administration is proposing $1 Billion Caroline County Economic Development
is a department within Caroline County
County businesses and non-profits. in further economic relief. Although
government. Its mission is to help
Originally the federal guidelines it is emergency legislation, it will need
businesses thrive in the community.
required that we spend down all our to pass in the Senate and House of
Debbie can be reached at 410-479-4188
allocation by December 30, 2020. In Delegates before becoming law. Then
or info@carolinebusiness.com
the federal stimulus passed at the end the programs will need to be codifi ed in
of December 2020, that deadline was regulation by appropriate agencies. Th e
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Kathleen Brenton Amanda Morgan Monica Heinsohn Beth Hobbs Christina Smith
Broker/Agent Agent Agent Finance Administrator Property Management
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