Chamber Meets with County Officials Regarding Position Paper

October 19, 2020,

Every business in Anne Arundel County, including the Anne Arundel County Chamber of Commerce has been impacted by the coronavirus. The State and County governments have been working to balance economic activity while ensuring public health. To do this, they have implemented various rules and regulation. Some of these have caused a significant operational challenges for many businesses, […]

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Time to Adjust COVID-19 Restrictions

October 1, 2020,

The Legislative Committee has prepared a Position Paper outlining the Chamber’s concerns about the implementation of COVID-19 restrictions by the County government.  The Chamber identified three specific issues: 1) there should be more focus on education about regulation, 2) flexible enforcement and 3) increased consideration about the impact each regulation has on business. Issue The […]

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America’s Labor Market Surprise: Unemployment rate down to 8.4%

September 10, 2020,

ECONOMIC UPDATE By: Anirban Basu September 4, 2020 America’s Labor Market Surprise: Unemployment rate down to 8.4% Over the past four months, America has added approximately 10.6 million net new jobs.  In August, we added another 1.4 million jobs, driving the nation’s unemployment rate down to 8.4% in the process. Many people re-entered the workforce. […]

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Economic Update: Anirban Says…

August 27, 2020,

ECONOMIC UPDATE By: Anirban Basu August 26, 2020 Housing Sales Through the Roof An abundance of housing construction and flawed lending produced the Great Recession. This time is different. This time, the owner-occupied housing segment represents a major source of economic strength in America even as the pandemic lingers. According to data from the U.S. […]

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Re-Opening Resources

May 26, 2020,

One of the challenges during the COVID-19 crisis is keeping up with the most current information.  It seems there is new or updated information, guidelines or recommendation every day.  At this point in time, May 26th,  Anne Arundel County is moving forward to a partial re-opening of “non-essential” business on June 1.  A set of […]

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Paycheck Protection Program Overview

April 1, 2020,

SMALL BUSINESS PAYCHECK PROTECTION PROGRAM  PPP Eligibility • Small employers in business as of 2/15/20 &  paid payroll taxes or paid independent contractors • Small businesses include: o Businesses with 500 or fewer employees, o Businesses within the SBA small business size threshold, o Self-employed individuals (sole-proprietors and independent contractors), a o Accommodation and food […]

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Trump Signs CARES Act…Now What Do I Do?

March 30, 2020,

CARES Act Overview Paycheck Protection Program The program will provide cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans would be forgiven, which would help workers remain employed, as well as help affected small businesses and our economy snap-back quicker […]

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COVID-19 Financial Resources

March 25, 2020,

If you are a Maryland-based business impacted by the Coronavirus with under 50 full- and part-time employees, or a Maryland manufacturer, check out the programs below to see if you qualify for assistance. Maryland Department of Commerce Maryland Small Business COVID-19 Emergency Relief Loan Fund– This $75 million loan fund (for for-profit businesses only) offers no interest or […]

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Cash Flow Triage for Small Businesses during the COVID-19 Crisis

March 20, 2020,

The COVID-19 Crisis has caused widespread uncertainty in the economy and greatly disrupted normal business activity.  We need to realize that there is going be financial pain for almost everyone.  We must also realize that we are “all in this together” and must make sacrifices to get the economy moving forward. In order to this, […]

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Resources to Help Your Business During COVID-19 Crisis

March 13, 2020,

In the midst of all the financial and medical uncertainty, we are all making adjustments to our personal and business activities.  The Chamber wants to provide information that can be helpful as you navigate through the challenges posed by the COVID-19 crisis.  First and foremost, follow the guidelines put out by the Center for Disease […]

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