Paycheck Protection Program Overview

April 1, 2020,

SMALL BUSINESS PAYCHECK PROTECTION PROGRAM  PPP Eligibility • Small employers in business as of 2/15/20 &  paid payroll taxes or paid independent contractors • Small businesses include: o Businesses with 500 or fewer employees, o Businesses within the SBA small business size threshold, o Self-employed individuals (sole-proprietors and independent contractors), a o Accommodation and food […]

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Trump Signs CARES Act…Now What Do I Do?

March 30, 2020,

CARES Act Overview Paycheck Protection Program The program will provide cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans would be forgiven, which would help workers remain employed, as well as help affected small businesses and our economy snap-back quicker […]

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COVID-19 Financial Resources

March 25, 2020,

If you are a Maryland-based business impacted by the Coronavirus with under 50 full- and part-time employees, or a Maryland manufacturer, check out the programs below to see if you qualify for assistance. Maryland Department of Commerce Maryland Small Business COVID-19 Emergency Relief Loan Fund– This $75 million loan fund (for for-profit businesses only) offers no interest or […]

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Cash Flow Triage for Small Businesses during the COVID-19 Crisis

March 20, 2020,

The COVID-19 Crisis has caused widespread uncertainty in the economy and greatly disrupted normal business activity.  We need to realize that there is going be financial pain for almost everyone.  We must also realize that we are “all in this together” and must make sacrifices to get the economy moving forward. In order to this, […]

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Resources to Help Your Business During COVID-19 Crisis

March 13, 2020,

In the midst of all the financial and medical uncertainty, we are all making adjustments to our personal and business activities.  The Chamber wants to provide information that can be helpful as you navigate through the challenges posed by the COVID-19 crisis.  First and foremost, follow the guidelines put out by the Center for Disease […]

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Sales Tax Voted Down…Now What?

March 5, 2020,

The debate over funding for the educational reforms proposed by the Kirwan Commission is in full force. On Monday, March 2nd the House of Delegates held hearings on HB 1628, a bill that would impose a new 5% sales tax on services.  The hearing attracted hundreds of concerned business owners and other stake holders who […]

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Do Not Expand the Sales Tax

February 26, 2020,

Oppose HB 1628!   The Chamber is very concerned about House Bill 1628: Sales-and-Use Tax, Rate Reduction and Services—a bill that would shift the tax burden to Maryland businesses while driving up costs for all consumers. This piece of legislation would lower the sales tax from 6% to 5% but would expand that 5% sales […]

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Show Me the Money!

February 19, 2020,

The Blueprint for Maryland’s Future Fund The debate about the recommendation of the Kirwan Commission continues to dominate a large portion of the legislative session. The issue of quality education is vital to help create a strong pool of workers for Maryland businesses.  At the same time, there is a need for stable economic conditions […]

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State of the State and Education Reform

February 5, 2020,

Today, Governor Hogan will give the annual State of the State Address to the General Assembly.  In this address, the Governor will outline his key legislative and policy priorities. It is widely expected that he will dedicate a significant portion of the address to the public education reforms proposed by the Kirwan Commission.  In 2020, […]

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Help for Small Businesses, Funding for City Dock and New Taxes

January 29, 2020,

When the General Assembly is in session you can count on a lot of legislative activity and lets not forget that the Annapolis City Council and County Council are still meeting twice a month as well.   So far 511 bills have been introduced in the State Senate and 675 in the House of Delegates.  Some […]

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