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The original item was published from 4/1/2020 4:53:05 PM to 4/1/2020 4:55:12 PM.

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Posted on: April 1, 2020

[ARCHIVED] CHAIR TURNER ISSUES STATEMENT REGARDING COUNCIL SUPPORT OF FUNDING FOR COVID-19 BUSINESS RELIEF FUND

COUNCIL CHAIR TODD M. TURNER ISSUES
STATEMENT REGARDING COUNCIL SUPPORT OF FUNDING FOR COUNTY’S COVID-19 BUSINESSRELIEF FUND

The Prince George’s County Council, during its virtual session on
Tuesday, March 31, 2020, unanimously voted to support a request from CountyExecutive Angela D. Alsobrooks, establishing a Prince George’s County COVID-19
Business Relief Fund.

With Tuesday’s Council action, this financial relief initiative, willbe supported with $10-million in resources from the County’s Economic
Development Incentive Fund (EDIF), and additional partnership support fromprivate sector, including local banks, of up to $5 million. These funds will
provide immediate assistance to small, local, and minority County-basedbusinesses impacted by the COVID-19 public health crisis sweeping Maryland, the
United States and the world.

County-based businesses, which provide jobs, resources and services forour residents, form the foundation for economic development progress in Prince
George’s County.  The COVID-19 Business Relief Fund will help small,local, and minority-owned County-based enterprises, now facing closure and
layoffs, retain their pre-pandemic workforce and sustain operations during thecoronavirus emergency.  The COVID-19 Relief Fund will work in conjunction
with both Federal and State financial assistance available to County-basedbusinesses and employees.

The County Council looks forward to its continued partnership with the
Alsobrooks Administration on this and future initiatives on behalf of theresidents and businesses of Prince George’s County during this global
pandemic.  

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Business Relief Fund Letter
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