The Maryland Tech Council (MTC) will receive $378,000 in federal CARES Act grant funding to expand its Business Continuity Task Force.
The grants will be used to assist more entrepreneurs in Maryland as the COVID-19 pandemic continues to have an strong economic impact. Awarded by the U.S. Economic Development Administration, the grant will allow for small to mid-size businesses in Prince George’s County, Baltimore County, and the Baltimore City o apply online to be matched with a task force member and receive assistance at no cost.
“Our businesses and entrepreneurs are the economic lifeblood that sustain and grow our economy,” said Senator Chris Van Hollen. “Many of them have been hit hard by the pandemic, and these funds will support the efforts of the Maryland Tech Council’s Business Continuity Task Force to help those businesses navigate the economic fallout and weather the storm. I was proud to fight for vital relief for Maryland’s businesses through the CARES Act and American Rescue Plan, and I will keep working to support our entrepreneurs and business owners.”
“The COVID-19 pandemic created a gauntlet of challenges for entrepreneurs, from volatile capital markets to managing remote workforces overnight,” said Marty Rosendale, CEO of the Maryland Tech Council. “We created the Business Continuity Task Force in 2020 to help entrepreneurs reimagine the post-COVID future with the help of seasoned volunteer mentors who have been tested in crises before. This grant significantly accelerates our mission to connect more Maryland entrepreneurs with unbiased business counsel from senior mentors so they can withstand and move past this volatile economic landscape.”
“As we continue to build towards our recovery, we must do whatever we can to help businesses navigate the long-term economic impacts of the COVID-19 pandemic,” Baltimore County Executive Johnny Olszewski said. “Baltimore County is proud to support this exciting expansion of the Business Continuity Task Force’s work to help local entrepreneurs receive the mentorship and support they need to recover and thrive in the months and years ahead.”
The Task Force was created in 2020 with a grant from the Montgomery County Council to provide mentoring services to Montgomery’s tech and life science executives. The Montgomery County Economic Development Corporation will support the expansion to new jurisdictions by providing in-kind grant compliance reporting support.
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