City Council President Brandon Scott proposed a plan on Tuesday to dedicate $10 million from Baltimore’s “Rainy Day Fund” to make loans to businesses now struggling to survive amid the COVID-19 pandemic. Scott’s 17-page, multi-pronged relief plan totals $25 million and includes loans to help businesses meet payroll and continue worker benefits. The Rainy Day Fund has about $90 million and is used for emergency expenses and to cover budget shortfalls. “This is a public health emergency unlike anything…
from https://www.bizjournals.com/baltimore/news/2020/04/07/10m-relief-fund-proposed-for-baltimore.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/614769019577303040
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