Presented by the Maryland Chamber Foundation
In response to the growing public health concern over the COVID-19 virus, the Maryland Chamber of Commerce has compiled resources to help keep our members and the Maryland business community informed.
The Maryland Chamber of Commerce remains dedicated to supporting our state’s business community throughout the COVID-19 crisis. There continues to be an overwhelming amount of information being circulated about the virus and its public health and economic impact. We are working diligently to compile resources from various subject matter experts and convey them in real time.
In 1984, the Maryland General Assembly enacted legislation establishing the Work Sharing Unemployment Insurance Program. Work Sharing is a voluntary program that provides an alternative to layoffs for employers faced with a temporary, non-cyclical decline in business due to lower economic activity. The program is designed to avoid layoffs by preserving jobs for current employees and to assist businesses that have already undertaken layoffs to reopen and resume operations gradually. Employers who participate in Work Sharing can retain employees by temporarily reducing the hours of work, within a range of 20% to 50%, among employees within the affected unit(s). The employees with reduced work hours receive partial unemployment insurance benefits to supplement lost wages.
During the current COVID-19 pandemic, Work Sharing can mitigate or prevent the adverse effects of the current economic crisis by keeping businesses connected to their employees, and ensuring employees continue to receive compensation. Work Sharing can also serve as a means of bringing most or all of a temporarily laid off workforce back to the job, even if social-distancing measures, a decline in business or other factors prevent operating at full staffing levels immediately.
Join the Maryland Chamber Foundation for a conversation with Andy Bauer, vice president and regional executive for the Baltimore branch of the Federal Reserve Bank of Richmond. Mr. Bauer will share the Federal Reserve’s recent and unprecedented actions and share his thoughts on the U.S. economy.
Over 350 Maryland businesses recently participated in a survey conducted by the Federal Reserve Bank of Richmond regarding the effects of COVID-19 on their business. Bauer will break down the data and the key components to a successful recovery.
Join the Maryland Chamber Foundation and Eightfold.ai to discuss how the crisis is impacting work – and how you can help:
The Eightfold Talent Exchange matches people impacted by COVID-19 job loss with employers who are hiring. More than 700,000 positions are currently available in North America.
Join the Maryland Chamber Foundation for a free webinar with a panel of cyber experts who will discuss the Department of Defense’s (DoD) Cybersecurity Maturity Model Certification (CMMC). The CMMC is the DoD’s next step to ensure cybersecurity controls and processes adequately protect Controlled Unclassified Information (CUI), based on five different levels of maturity expectations. This is a timely and relevant discussion for those with current DoD contracts or those looking to become a DoD contractor in the future. This certification will be required for both Prime and Subcontractors.
Our discussion will focus on the next steps required to prepare your business for CMMC compliance. By starting with your Policy and Procedures, followed by their implementation, you develop a roadmap of prioritized projects in preparation of the audit. It is critical to prepare for compliance now or potentially miss out on future business opportunities.
Join us as our guest speaker, Will Palm, Security Solutions Architect with Tenable, helps you recognize
and address potential pitfalls in your current cybersecurity practices. He’ll break through the technical
jargon and share fundamental ways you can better protect your business from cyber attacks.
Please join us for a conversation with Maryland Secretary of Commerce Kelly Schulz where she will discuss the Department’s ongoing COVID-19 response, including the work of the industry-specific advisory groups, their recommendations and next steps in the Roadmap to Recovery.
Please join us for a conversation with Comptroller Peter Franchot and Andy Schaufele, Director of the Bureau of Revenue Estimates. Our guests will discuss the current fiscal and economic situation facing Maryland during this pandemic and provide us with their predictions about the future. Participants will learn more about recently released data and revenue indicators from the Bureau of Revenue Estimates.
Join the Maryland Chamber Foundation for a free webinar as representatives from Whiteford Taylor Preston discuss the new Small Business Reorganization Act of 2019. The Maryland Chamber Foundation remains dedicated to supporting our state’s business community—and maintaining continuity of operations—as we grapple with the effects of the COVID-19 crisis.
Small business owners now have the lifeline they need to work through a rough patch, cyclical downturn or other unexpected problem by taking advantage of the new Small Business Reorganization Act of 2019 (the “SBRA”).
SBRA is a significant change in existing bankruptcy law that greatly reduces or eliminates many of the costs associated with a bankruptcy reorganization, expedites the process for a quick turnaround, and preserves ownership and control of the business.
Given the number of businesses suddenly faced with the prospect of insolvency, the SBRA feels like must-know law. It is described as a game changer for small and medium-sized businesses, as it allows access to a quicker and less expensive reorganization, at the same time making it easier for a business to maintain equity interests.
Representatives from the U.S. Small Business Administration Baltimore field office will join us to provide updates on the Paycheck Protection Program (PPP).
Join us for a conversation with Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond. Mr. Barkin will discuss the Federal Reserve’s recent and unprecedented actions and share his thoughts on the U.S. economy, including what the Richmond Fed is learning through business outreach, and the key components to a successful recovery.
Representatives from Kaiser Permanente will discuss emotional wellbeing in the workplace during the COVID-19 pandemic. Topics include: understanding stress/anxiety facts, impacts on your workforce and tools and resources to care for your employees.
Representatives from the U.S. Chamber of Commerce will provide updates on the SBA’s Paycheck Protection Program (PPP), including the U.S. Senate’s recent vote to replenish the fund. They will also discuss the U.S. Chamber’s recently released “The Path Forward,” an initiative to address how Americans and businesses can return to work safely, successfully and sustainably.
Recently, the Maryland Chamber of Commerce’s board of directors and other Chamber leaders had the honor of participating in a conversation with U.S. Senators Ben Cardin and Chris Van Hollen on the federal government’s response to the COVID-19 pandemic thus far.
Representatives from the Maryland Small Business Development Center will discuss the resources and programs it is offering to support employers and employees.
Representatives from the Maryland Health Exchange will discuss the emergency open enrollment extension and how to access health programs, resources, and information being offered during the COVID-19 pandemic.
Representatives from both the Maryland Department of Commerce and the Maryland Department of Labor will provide an overview of the states COVID-19 business relief programs, information and updates on applying for unemployment insurance, as well as existing programs and resources, as listed on the “Maryland Coronavirus (COVID-19) Information for Business” webpage.
Stephen McAllister of the U.S. Chamber of Commerce and Kathleen Murphy of the Maryland Bankers Association will provide an overview of the CARES Act, review financial options and available resources from the SBA, and discuss how to partner with banks to receive needed funds.
The Maryland Chamber of Commerce remains dedicated to supporting our state’s business community—and maintaining continuity of operations—as we grapple with the effects of the COVID-19 crisis.
We’d like to invite all members and partners of the Maryland Chamber to join us to share important resources, receive an update on the federal and state response to the crisis, and ensure we are addressing our members’ challenges and concerns during this trying time.
Resources include: the ReNEW Maryland Initiative, the Safe Workplace: Best Practices and Baselines for Reopening Maryland PDF, Essential Employee Designation Letter, MDCC advocacy communications on behalf of our membership, recordings and resources from Maryland Chamber Foundation webinar series, and more.
Resources include: Maryland Strong: Roadmap to Recovery, information for businesses from the Maryland Interagency, Maryland Business Relief Wizard, resources from the Maryland Department of Health, Maryland Unites, resources from the Maryland Small Business Resource Center (SBDC), state legislative resources, resources for rural businesses, and more.
Resources include: resources from the U.S. Small Business Administration (SBA), updates on the Paycheck Protection Program (PPP) from the U.S. Department of Treasury, resources from NFIB, resources from the Centers for Disease Control and Prevention (CDC), the U.S. Chamber of Commerce Resource Toolkit, federal legislative resources, resources for rural businesses, and more.
Resources include: Resources from Maryland Chamber of Commerce Members such as BGE, CareFirst BlueCross BlueShield, Johns Hopkins, The Maryland Bankers Association, and Shawe Rosenthal; resources from the World Health Organization; the McKinsey and Company Talent Exchange; resources from the National Association of Manufacturers (NAM); and more.
For more information contact email@example.com or (410) 269-0642.