Current News, Events, and Press Releases

TEDCO Announces Request for Applications Agriculture and Rural Rebuild (ARR) Challenge
The Challenge was created to assist MD's rural and agricultural businesses that have been impacted by COVID-19 and associated economic downturn. TEDCO will award grants up to $200K per project.
Paycheck Protection Program (PPP) Application Deadline Extended Through May 31st
The legislation gives small businesses and nonprofits in need an additional sixty (60) days in which to apply for the PPP.
Guidance on COVID-19 EIDL Identity Theft and Fraud
SBA has created an EIDL identity theft letter which provides step-by-step instructions on how to report an identity theft case to the SBA, including how to file an SBA Declaration of Identity Theft.
SBA Raising Maximum Loan Limit for EIDL Program
The loan limit is being raised from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000.
Federal Coronavirus Resources
State, local, and federal agencies are working together to maintain the safety, security, and health of the American people.
SBA Announces Extended Deferment Periods for EIDL Program
All SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12 months to 24 months from the date of the note.
Shuttered Venue Operators Grant Splash Page Launched
SBA is launching a splash page for the Shuttered Venue Operators Grant application portal today in anticipation of opening applications on Thursday, April 8, 2021.
IRS Extends Federal Individual Tax Return Deadline to May 17th
The IRS has extended the filing deadline for the 2020 tax year for federal individual income tax returns from April 15 to May 17, 2021.
Maryland RELIEF Act Sales and Use Tax Credit
The allowed credit is equal to the lesser of the amount of sales and use tax collected during the month the vendor qualifies for the increased credit or $3,000, not to exceed $9,000 in 3 months.
MARBIDCO Announces Five New Grant Programs
These programs are funded through the RELIEF Act and will provide immediate pandemic adjustment and economic development assistance to MD agricultural and rural businesses.
Franchot Extends State Income Tax Filing Deadline to July 15th
Due dates for the Tobacco Floor Tax payment and Sales and Use Tax returns for sales taking place in March, April and May have also been extended.
Governor Hogan Announces Lifting of Capacity Limits, Masking and Distancing Protocols Maintained
Governor Larry Hogan announces new actions to further ease the COVID-19 mitigation measures currently in place.
Maryland State Arts Council Opens Emergency Grant Applications
This fourth round of MSAC Emergency Grant funding is available to independent artists, arts organizations, County Arts Agencies, and Arts & Entertainment District management entities.
Webinar Series: PPP Updates for Your Small Business
Please join the SBA for a webinar explaining the key changes to the Paycheck Protection Program that will be available until March 9th to ensure America's smallest businesses get exclusive access.
Report Issued: The Effects Of The COVID-19 Pandemic On Small Businesses
A new issue brief from SBA's Office of Advocacy examines the effects of COVID-19 on small businesses using the first sets of available economic data.