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The RELIEF Act of 2021, as enacted by the Maryland General Assembly and signed into law by the Governor, provides direct stimulus payments to qualifying Marylanders, unemployment insurance grants to qualifying Marylanders, and grants and loans to qualifying small businesses.
Funds earmarked for local governments that are not claimed become available to the State. Based on the federal allocation methodology, local governments in Maryland with populations over 500,000 are eligible to claim about $691 million, or 65% of the set–aside amount.
(PPP) loans. Maryland businesses will likely qualify for more than $4 billion of assistance. A small business can receive a second PPP loan if they have less than 300 employees and can demonstrate a revenue reduction of 25%. Expands PPP eligibility for 501(c)(6) nonprofits, including local newspapers, radio,
Eligible Marylanders will begin seeing their additional $600 per week payment today. Next Friday, April 24, the department will be launching a new one-stop unemployment insurance application to allow all newly eligible Marylanders to file all types of claims entirely online.
about loan relief options specific to your situation. See the servicer’s website or your monthly statement for the contact information. For more information and resources, visit the Office of the Commissioner of Financial Regulation’s COVID-19 student loan relief website. Automobile & Personal Loans
State of Maryland Financial Resources Services EAFC provides cash assistance to families who have at least one child under the age of 21 living with them, and need emergency paying rent, utilities, or other urgent bills. Apply online: Go to https://mydhrbenefits.dhr.state.md.us/ to file your application.
• The RELIEF Act’s loan and grant forgiveness plan would safeguard Maryland business owners against any tax increase triggered by the use of state loan or grant funds. This relief would come at a net zero cost to the state while saving businesses an estimated $40 million.
