Governor Hogan Announces $250M “Maryland Strong: Economic Recovery Initiative” With Good News for Tourism
On October 22, Governor Hogan announced the $250 million “Maryland Strong: Economic Recovery Initiative,” which will provide funding from the Rainy Day Fund to directly assist restaurants, small businesses, local entertainment venues, arts organizations, and Main Streets across the state. The initiative doubles the state’s total commitment to COVID-19 emergency economic relief for Marylanders to $500 million. This round of relief includes $50 million in direct relief for restaurants; $20 million in direct relief of Main Streets for hard-hit businesses and entertainment venues within Main Streets Maryland and Baltimore Main Streets program areas; a $3 million for the Maryland State Arts Council, and a $2 million “Hometown Tourism Program” to Maryland DMOs.
“This new $250 million ‘Maryland Strong: Economic Recovery Initiative’ will be critical to the thousands of struggling restaurants, small businesses, and Main Streets across the state that are attempting to weather this crisis,” said Governor Hogan. “I have directed our entire team in each agency to ensure that this much-needed funding gets out the door to our struggling citizens and small businesses as quickly as possible. We also intend to work closely with our local partners so that they can assist in expeditiously getting this money into the hands of those who need it most.” To read more on the initiative, follow the link below.