A federal program offering loans to small businesses hurt by the collapse of Baltimore's Francis Scott Key Bridge has received 500 applications.
Small Business Administration administrator Isabel Guzman, surrounded by Baltimore Mayor Brandon Scott, from left, Rep. Kweisi Mfume, D-Md., Baltimore County Executive Johnny Olszewski and Sen. Ben Cardin, D-Md., speaks during a press conference at the SBA business recovery center, Thursday, April 4, 2024, in Baltimore. of Baltimore's Francis Scott Key Bridge has received 500 applications, officials said.
, said Isabella Casillas Guzman, who heads the U.S. Small Business Administration. Guzman visited Baltimore on Thursday to meet with business owners, along with local and state leaders.Businesses involved in transportation and supply chain logistics will likely suffer most in the short term, she said, but the long-term ripple effects will be widespread.
The Maryland Senate unanimously approved a bill Wednesday night authorizing the governor to use the state’s rainy day fund to help unemployed port employees. That sends the bill to the Maryland House, which could approve the bill this week and send it to Gov. Wes Moore, a Democrat. The Norwegian shipping firm Wallenius Wilhelmsen, which has a hub in Baltimore, said it estimates losses between $5 million and $10 million as a result of the port closure. One of its ships is among several currently stuck in Baltimore’s harbor.March 26 after being struck by the cargo ship Dali, which lost power shortly after leaving Baltimore, bound for Sri Lanka.
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