HOWARD COUNTY, MD — When the coronavirus pandemic shuttered Howard County companies, many homeowners had no thought how they might climate the storm. Then the county introduced HoCo RISE grants that would supply monetary help to companies in focused sectors most impacted by the coronavirus and deliberate to reopen. As of Jan. 31, HoCo RISE dispersed greater than $13.55 million in grants to 1,483 Howard County companies. Greater than 76 p.c of companies that obtained grants are girls, minority or veteran-owned.
The funding was distributed in two rounds. There have been 674 enterprise that obtained first-round funding and 809 companies that obtained second-round funding. A report launched by Howard County officers element the demographics and districts of companies that obtained grants.
This funding consisted of:
- $2.51 million in state of Maryland Wet Day funds for eating places
- $11.04 million in CARES Act funding designated by Howard County for HoCo RISE Enterprise Grants
“Companies through the previous yr have confronted uncertainty and an unpredictable future at practically each flip,” Howard County Government Calvin Ball mentioned in a press release. “We’ve practically 10,000 companies that decision Howard County dwelling, and since final summer time, we’ve got offered greater than $13.5 million in funding to our eating places, small-retailers, farms, lodges, stay venues and childcare suppliers.”
In February, Ball introduced a 3rd spherical of grants that included $2 million in county funds for companies, $1.5 million from the state for eating places, and $1.6 million from the state for lodges. This spherical of funding simply closed, with 276 purposes for home-based and different companies, 173 purposes for eating places and 30 purposes for lodges. Companies receiving grants on this third spherical can count on their funding by the tip of March.
To learn the complete report, click on here.