Maryland Gov. Wes Moore introduced on Friday the beginning of a program to assist Port of Baltimore companies retain staff within the aftermath of the Francis Scott Key Bridge collapse.

ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore introduced on Friday the beginning of a program to assist Port of Baltimore companies retain staff within the aftermath of the Francis Scott Key Bridge collapse.

The $12.5 million program goals to forestall layoffs whereas restoration work continues. The program was created by government order and approved by emergency legislation the governor signed on Tuesday.

“We should do every part in our energy to help the 8,000 Port employees whose jobs have been straight affected by the collapse of the Key Bridge — and the 1000’s extra who’ve been touched by this disaster,” Moore, a Democrat, mentioned in a information launch.

The program is being run by the state’s labor division.

“The Worker Retention Program will maintain Port companies in operation and employees capable of earn revenue and help their households because the U.S. Army Corps and others work to get the delivery channels reopened,” mentioned Maryland Secretary of Labor Portia Wu.

Under this system, entities eligible for as much as $200,000 in grants embody companies that make use of as much as 500 employees, unions, commerce associations, and organizations which have had operations hindered or fully halted by the port slowdown.

Up to $7,500 may be spent per employee on wages or different help.

Businesses that obtain funding beneath this system should exhibit an effort to the fullest extent to keep away from layoffs and keep workforce hours, charges of pay, and advantages that had been in impact earlier than the port’s decreased operations.

Allowable bills embody supportive companies for employees, corresponding to subsidizing baby care and transportation prices in addition to payroll bills as a part of participation within the Work Sharing Unemployment Insurance Program.

The governor’s workplace mentioned different aid applications that had been approved by the laws signed into regulation this week will begin on April 22.

One of them gives grants of as much as $100,000 to eligible companies which have had operations impacted or shipments disrupted on the port. To be eligible, companies should exhibit financial and monetary harm by way of a discount in enterprise income and exercise, or elevated prices to enterprise operations.

The Department of Commerce: Port of Baltimore Emergency Business Assistance Program will start accepting purposes.

Another program will make a complete of $15 million in loans and grants out there to companies which were affected by a lack of income or elevated prices, beneath the Neighborhood BusinessWorks program administered by the Maryland Department of Housing and Community Development.

The Small Business Grants Program may have $5 million to supply grants as much as $50,000 to small companies inside a 5-mile radius of the Key Bridge, and the Business Loan Program may have $10 million to supply loans as much as $500,000 to companies impacted by the Key Bridge collapse or discount in Port exercise statewide.

The container ship Dali was leaving Baltimore, laden with cargo and headed for Sri Lanka, when it struck one of many bridge’s supporting columns final month, inflicting the span to break down into the Patapsco River. Six members of a roadwork crew had been killed.

Copyright
© 2024 The Associated Press. All rights reserved. This materials is probably not printed, broadcast, written or redistributed.