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Source : Baltimorecity.gov
November 17, 2021
Author : Patty Rodriguez
The economic recovery funds will be divided by five entities serving as “fiscal agents to facilitate recovery.”
The Baltimore Development Corporation will get $11.7 million to provide relief to small businesses with a focus on black, brown, and women-owned businesses.
Baltimore Civic Fund will receive $8.3 million to give out to 300 non-profit organizations in the city.
The Family League of Baltimore will get $2 million to support childcare in the city.
Visit Baltimore will get $2.5 million to “aid the hospitality industry, more specifically Baltimore hotels.”
And Finally, Baltimore’s Office of Promotion and Arts will get $500,000 to use for direct grants and “capacity building” for local artists and creators.
The workforce development funding will be divided by four programs, including Hire Up ($5.2 million), a transition jobs program that offers $15 per hour, 6-month positions; Train Up ($8.9 million), a program that offers occupation skill trainings like healthcare and IT as well as $100 per week stipends; YouthWorks ($8.4 million), a jobs program for youth both during the summers and the school year; and Workforce Supports Programming and Wage Subsidies ($2.9 million), a supplemental program to HireUp and TrainUp which offers everything from adult education to financial empowerment counseling to participants. The final investment will also offer wage subsidies to small, minority, and women-owned businesses that “hire residents impacted by the pandemic.”
The funds will come from Baltimore’s cut of the American Rescue Plan.
“This package will directly benefit disadvantaged job seekers, including those negatively impacted by the COVID-19 pandemic, and our young people through quality workforce development and job opportunities. Our Economic Recovery Fund will make much-needed capital available to Baltimore businesses, artists, creators, and caretakers — all through a lens of equity,” Mayor Brandon M. Scott said.
“Each of these strategies could be considered a stand-alone initiative to serve a distinct population, but they are meant to work in concert together to advance our mission to bring economic justice to Baltimore City,” added Jason Perkins-Cohen, Director of the Mayor’s Office of Employment Development.