July 14th MD Dept. of Commerce Updates
Westminster, MD
07/14/2020 10:30 AM
$50 million in State Funding Available through Governor's Nonprofit Recovery Initiative (NORI): Governor Hogan has allocated $50 million to assist nonprofit organizations whose critical operations have been financially impacted by COVID-19 and state-of-emergency, through four grant programs to be administered by the MD Department of Housing and Community Development and the MD Department of Commerce. Organizations cannot receive grants from both departments. 

 $40 million will be administered by DHCD, of which $10 million will be made available for nonprofit licensees of the Maryland Behavioral Health and Developmental Disabilities Administrations. DHCD's press release can be accessed here, and Notice of Funding Availability, with more details, here

$3 million will be awarded through the Maryland State Arts Council (part of MD Commerce) for arts and cultural organizations affected by Covid-19 impacts. For more information contact Dana Parsons, dana.parsons@maryland.gov or go here.  

Up to $8 million will be available from Commerce to nonprofits that have already applied for Commerce's Covid-19 Emergency Grant Program but were not able to be funded in the earlier round. For more information, contact covid-19.application@maryland.gov

SBA Announces Conclusion of Economic Injury Disaster Loan Advance Program: SBA has disbursed the $20 billion made available for the EIDL Advance grants. Loan funds are still available. SBA's press release here.

SCORE surveyed pre-startups and startups in June 2020 about how COVID-19 has affected their businesses.This infographic highlights the findings.
Also from SCORE: How to temporarily close a business due to COVID-19
 
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