Anne Arundel County offers grants to small businesses affected by flooding – CBS Baltimore
ANNAPOLIS, Maryland (WJZ) – Anne Arundel County is offering grants of up to $ 50,000 to small businesses that have suffered damage or have been forced to close due to coastal flooding, County Executive Steuart Pittman said on Saturday.
Water levels reached four feet at high tide on Friday, WJZ’s Ava-joye Burnett reported. An entire row of businesses near City Dock had to close with water right on their doorstep.
READ MORE: Community members and volunteers mobilize to help Annapolis Maritime Museum during flooding
VOLT’s disaster recovery relief program will be managed by the Anne Arundel Economic Development Corporation (AAEDC).
âAs a small business owner, I know how difficult it can be to recover from property damage and business disruptions caused by events like this storm,â Pittman said. âI would like to thank the AAEDC for moving quickly to make this program available, and I would like to encourage all affected business owners to use these funds if your business is eligible.
The county’s VOLT fund provides loans to small and minority-owned businesses, veterans, and women.
Grant applications will be accepted on a rolling basis from November 1st. Funds can be used to repair buildings, replace damaged equipment or inventory, make up for lost income, or cover the cost of reopening.
READ MORE: Chopper 13 inspects flood damage at Annapolis City Wharf
âOur team’s goal is to provide these businesses with the essential funds they need to retain their employees and resume operations as quickly as possible,â said Ben Birge, CEO of AAEDC.
Applicants will need to submit a VOLT application, a list of all damages, a budget for grant funds, a W-9 form, and tax returns. They must also be available for a site visit.
VOLT’s disaster recovery relief program will use $ 1 million from a state program that directs a portion of the revenue from casino video lottery terminals to local businesses, Pittman’s office said.
Governor Larry Hogan has declared a state of emergency in areas affected by flood waters, including Anne Arundel County.
NO MORE NEWS: Anne Arundel County opens web portal to collect flood damage data
The Anne Arundel County Emergency Management Office on Saturday opened a web portal to collect data on damage to homes and businesses from inclement weather.