ANNAPOLIS, Md. (WJZ) — Gov. Larry Hogan introduced Thursday $180 million in rapid state financial aid to assist households and small companies struggling amid the COVID-19 pandemic.
Of the $180 million, $50 million will go to Maryland motels and $30 million will go to eating places.
Gov. Hogan stated a bigger proportion of motels won’t be able to outlive after one other six months.
“This sector was among the many first to undergo and will probably be among the many final to recuperate from the disaster,” the governor stated. “In accordance with latest projections, 71 % of motels is not going to final greater than six months at present projected income and occupancy ranges.”
10) ADDITIONAL RELIEF. The governor broadcasts an extra $180 million in rapid emergency financial aid to assist these households and small companies which might be being hit the toughest. pic.twitter.com/163OIn5cdc
— Mike Ricci (@riccimike) December 17, 2020
The $50 million in aid will probably be distributed by native jurisdictions to go towards payroll bills to maintain folks employed and to help with hire and utilities to be able to assist maintain operations going.
Gov. Hogan stated one other $15 million in help will go towards leisure venues.
For an entire breakdown of the economic relief funding, click here.