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COUNCIL CHAIR TODD M. TURNER ISSUESSTATEMENT REGARDING COUNCIL SUPPORT OF FUNDING FOR COUNTY’S COVID-19 BUSINESSRELIEF FUND
ThePrince George’s County Council, during its virtual session on Tuesday, March31, 2020, unanimously voted to support a request from County Executive AngelaD. Alsobrooks, establishing a Prince George’s County COVID-19 Business ReliefFund.
WithTuesday’s Council action, this financial relief initiative, will be supportedwith $10-million in resources from the County’s Economic Development IncentiveFund (EDIF), and additional partnership support from private sector, includinglocal banks, of up to $5 million. These funds will provide immediate assistanceto small, local, and minority County-based businesses impacted by the COVID-19public health crisis sweeping Maryland, the United States and the world.
County-basedbusinesses, which provide jobs, resources and services for our residents, formthe foundation for economic development progress in Prince George’sCounty. The COVID-19 Business Relief Fund will help small, local, andminority-owned County-based enterprises, now facing closure and layoffs, retaintheir pre-pandemic workforce and sustain operations during the coronavirusemergency. The COVID-19 Relief Fund will work in conjunction with bothFederal and State financial assistance available to County-based businesses andemployees.
TheCounty Council looks forward to its continued partnership with the AlsobrooksAdministration on this and future initiatives on behalf of the residents andbusinesses of Prince George’s County during this global pandemic.