ANNAPOLIS, Md. (WJZ) — Gov. Larry Hogan introduced Wednesday the Maryland Division of Labor’s COVID-19 Layoff Aversion Fund saved over 21,000 jobs and supported greater than 1,000 small companies by means of two rounds of funding, totaling over $31 million.
“The state has delivered greater than $1.7 billion in emergency aid for Maryland’s struggling households and small companies, together with over $31 million for the tremendously profitable Layoff Aversion Fund,” Gov. Hogan mentioned. “Labor’s Layoff Aversion Fund offered a crucial lifeline, funding almost 1,300 small companies in each county throughout the state, protecting their doorways open for enterprise, and saving over 21,500 jobs throughout these unprecedented occasions.”
The primary spherical of funding awarded over $10 million in grants to 445 small companies and saved 8,819 jobs, the governor mentioned.
The governor additionally mentioned the second spherical of funding awarded over $21 million in grants to assist 822 small companies and save 12,736 jobs throughout the state.