We at FrostburgFirst know that this is a difficult and confusing time, and we are here to support and assist Frostburg’s business community however we can. We are working closely with the City of Frostburg and Allegany County Tourism, as well as MD Commerce, National and Maryland Main Street, FSU, County, and other community economic development professionals to bring you timely and useful information. Please don’t hesitate to reach out with your concerns.

We want to keep you updated on resources and information for your business.Please review the most recent webinar providing updates below.

Please take a look at the resources available at Maryland Business Express, which will be updated as new announcements are made. This remains the most comprehensive and up-to-date resource for information on legislation and funding.

The Allegany County Commissioners approved emergency funds to assist small businesses in Allegany County, MD. To apply, please follow this link.

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.The Paycheck Protection Program will be available from April 3, 2020 through June 30, 2020. Please review the Paycheck Protection Program Application and detailed guidance on the process..

Don’t forget to post your business’s updates on our boosted Facebook event! Click the image below and post in the Discussion Section.

We are working with our partners to identify and share resources that may help during these times.  Here is some information on federal and state government agencies provided by the State that we thought you would be interested in:

Governor Hogan has signed an executive “stay-at-home” order on March 30. All those living in Maryland are ordered to stay in their homes or places of residences, except to participate in essential activities. See the Governor’s announcement HERE. For more information on essential vs. nonessential businesses, please review the interpretive guidance provided here. The Governor also announced new funding assistance programs for Maryland Small Businesses to help in weathering the closures, and we are researching additional opportunities as they arise.
The Small Business Development Center has provided guidance regarding SBA Disaster Loans. Please review the Maryland SBDC – COVID19 Emergency Relief Funds Webinar and the Small Business Survival Guide for tips on weathering the current crisis.

There are several Maryland funding opportunities available right now to assist with the financial burden this places on our small businesses. I’d suggest exploring these opportunities as soon as possible to take advantage of them.  The applications are online, seem relatively brief, but you will need to gather some tax and business documents from your files to apply.  First, please visit the Maryland Department of Commerce to learn more about the following:

The FrostburgFirst office is currently closed, but our staff is working remotely. Please don’t hesitate to reach out via email at frostburgfirst@gmail.com, Facebook messenger @FrostburgFirst, or by contacting (301) 689-6900.