Comptroller Franchot's Statement on Announcement of Additional State Aid for Small Businesses
ANNAPOLIS, Md. (October 22, 2020) - Comptroller Franchot today issued the following statement, after Governor Hogan announced $250 million in additional state aid for Maryland's small businesses, nonprofits and other entities.
“Today’s announcement by Governor Hogan is a good start, but it’s simply not enough. Nearly half of the $250 million is being set aside without explanation on how and when it will be used. Contrary to the Governor’s analysis of our fiscal posture, we are in a position to do more without taking another penny from the Rainy Day Fund.
"Just two years ago, the State of Maryland was willing to pony up $8.6 Billion to lure Amazon’s East Coast headquarters. Surely, we can do better than letting tens of thousands of small businesses, nonprofits, and Main Street communities fight over scraps.”
MEDIA CONTACTS: Susan O'Brien - sobrien@marylandtaxes.gov
443-875-8540 (mobile)
Alan Brody - abrody@marylandtaxes.gov
443-924-1473 (mobile)
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