Dorchester County Economic Development, Dorchester Chamber of Commerce, City of Cambridge Economic Development, Cambridge Main Street and the Small Business Development Center are unified to assist the businesses of our community.
As the impact of the Coronavirus/COVID19 evolves, we will continue to be a collaborative resource. We are committed to sharing critical information and will take proactive steps to communicate updates.
The Maryland Department of Commerce established a website that targets Employer & Worker Assistance, Financial Assistance &Taxes, Licensing & Permitting, and more. Click here to visit the site.
COVID-19 or Other Public Health Emergencies and the Family and Medical Leave Act Questions and Answers found here dol.gov/agencies/whd/fmla/pandemic.
The Small Business Administration Economic Injury Disaster Loan assistance will open shortly. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%
SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay
The state comptroller has extended the Business Tax Filing. to June 1, 2020.
Please visit our websites and social media pages for the latest updates.