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COUNCIL CHAIR TODD M. TURNER ISSUESSTATEMENT REGARDING COUNCIL SUPPORT OF FUNDING FOR COUNTY’S COVID-19 BUSINESSRELIEF FUND
The Prince George’s County Council, during its virtual session onTuesday, March 31, 2020, unanimously voted to support a request from CountyExecutive Angela D. Alsobrooks, establishing a Prince George’s County COVID-19Business Relief Fund.
With Tuesday’s Council action, this financial relief initiative, willbe supported with $10-million in resources from the County’s EconomicDevelopment Incentive Fund (EDIF), and additional partnership support fromprivate sector, including local banks, of up to $5 million. These funds willprovide immediate assistance to small, local, and minority County-basedbusinesses impacted by the COVID-19 public health crisis sweeping Maryland, theUnited States and the world.
County-based businesses, which provide jobs, resources and services forour residents, form the foundation for economic development progress in PrinceGeorge’s County. The COVID-19 Business Relief Fund will help small,local, and minority-owned County-based enterprises, now facing closure andlayoffs, retain their pre-pandemic workforce and sustain operations during thecoronavirus emergency. The COVID-19 Relief Fund will work in conjunctionwith both Federal and State financial assistance available to County-basedbusinesses and employees.
The County Council looks forward to its continued partnership with theAlsobrooks Administration on this and future initiatives on behalf of theresidents and businesses of Prince George’s County during this globalpandemic.