Gov. Hogan Pronounces Plan To Deploy $198 Million In Small Business Reduction

Governor Larry Hogan

ANNAPOLIS, Md.—Governor Larry Hogan at present introduced that the State of Maryland will deploy as much as $198 million in federal small enterprise aid by way of the State Small Business Credit Initiative (SSBCI). Maryland was the primary state within the nation to submit its SSBCI deployment plan to the United States Treasury Department, and at present was one of many first 5 states to be permitted.“

“Through a number of relief programs, our efforts to keep Maryland ‘open for business’ during the pandemic have protected jobs and empowered one of the strongest and sustainable recoveries in the nation,” mentioned Governor Hogan. “We have one of the most aggressive plans in the country to get these resources out the door utilizing our very successful lending and investment programs to help our small businesses, particularly those in underserved communities primed for revitalization.”

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