We all know all this information is still unfolding daily so we urge you to review other resources so you can make the most informed decisions for your situation.
- View recordings of past events here.
- Urgent reminder! The deadline for SBA to approve Paycheck Protection Program (PPP) loan applications is Tuesday, June 30. This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. Find a lender and apply today
- American Airlines will be donating business extra points to small and diverse owned businesses to help with future travel. Learn More>>
Small Business Administration
- Small Business Facts: Restaurants And Bars Staggered By Pandemic. In May 2020, employment in leisure and hospitality was down 41 percent relative to May 2019, compared to declines ranging from 2 to 18 percent in other areas. The largest category of businesses within leisure and hospitality is food services and drinking places. Small businesses accounted for 64 percent of employment in that category before the COVID-19 pandemic. In May 2020, employment in food services and drinking places was 37 percent lower than in May 2019.
- Mayor de Blasio announced that NYC is on track to enter Phase Three on Monday, July 6. In this phase, both Personal Care businesses are allowed to reopen, and food establishments are allowed to offer indoor dining. Indoor capacity is limited to no more than 50 percent of the maximum occupancy for the particular area, not including employees. Personal Care services include:
- Tattoo and piercing facilities
- Appearance enhancement practitioners
- Massage therapy
- Nail specialty
- Ultraviolet (UV) and non-UV tanning or waxing
- Paycheck Protection Program provided by the City of Baltimore, Goldlan Sachs and Lendistry. APPLY TODAY!!! The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.
This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Importantly, these loans will be fully forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). The deadline to apply is June 30, 2020. To apply, click here
- As Montgomery County continues Phase 2 reopening, health officials remind all residents that face coverings must be worn to help prevent the spread of COVID-19. In a health officer directive issued on June 18 by County Health Officer Travis Gayles, residents (except those under the age of two and those with health conditions that make breathing difficult) must wear face coverings whenever they are in public and physical distancing is not possible.Wearing face coverings outdoors is currently required:
- On public transportation such as Ride On, Metro and ride sharing
- Entering businesses and services that are open, including:
- Grocery stores
- Retail businesses
- Religious services
- Hair salons and barbershops
- Pools, except when in the water
- Gyms and fitness centers, including when exercising
- Exercising or interacting with others outdoors
- Outdoor markets, including farmer’s markets
- Child care centers
Businesses allowed to reopen during Phase 2 are required to have employees wear face coverings at all times, including during food preparation and when interacting with customers.
- Tuesday June 30 | 9:00am – 11:00am – State of Downtown Webinar hosted by Downtown Partner of Baltimore. Join the Downtown Partnership of Baltimore as they release the findings from the State of Downtown Report alongside a new Economic Impact of COVID-19. Report and a discussion with leaders from Johns Hopkins Carey Business School. This will be an opportunity to look at the success seen in 2019 in the areas of employment, office and residential density, and hotels and hospitality to use a benchmark for Baltimore 4 recovery. Leaning on the advice and guidance from the latest data, Downtown business community, and civic and community leaders, we will get through this together.
To register, click here
- Wednesday July 1 | 1:00pm – 2:00pm – COVID-19’s Economic Impact and Opportunities Webinar hosted by Baltimore County. Baltimore County Executive Johnny Olszewski has assembled a panel of economic thought leaders to discuss the changing regional business landscape in the wake of COVID-19 business shutdowns, and explore potential long-term shifts that may alter our local economy for years and decades to come. Baltimore County Director of Economic and Workforce Development (DEWD) Director Will Anderson will moderate this 60-minute session, where an expert panel will discuss the pandemic’s impact on businesses, recovery forecast trends and the unique opportunities emerging in business sectors like technology, logistics, domestic manufacturing, retail distribution and others.
Dr. Daraius Irani, Vice President of Strategic Partnerships and Applied Research at Towson University
Baltimore County Executive Johnny Olszewski
Scott Phillips, Managing Director, Legal and Business Consulting Services, LLC
Tom Sadowski, Vice Chancellor for Economic Development at University System of Maryland
Michele Whelley, CEO of the Economic Alliance of Greater Baltimore
To register, click here
- Southpaw Insights has released new findings Same Storm, Different Boats on at how whites and POC are experiencing the pandemic differently. Our study highlighted disparities in health care access, ripple effects of the pandemic, and what it’s going to take to return to “normal.”
- Two entrepreneurs — Lynda M. Dorman, CEO and Carolyn E. Howell, President of Orange Wall Enterprises — have made history as the first Black women to sign a distribution and licensing deal for autonomous screening stations that recognize the initial symptoms of COVID-19. Read More>>