Press Release Summary
Date: September 22, 2026
Location: Annapolis, MD
Announcement: Governor Wes Moore has secured the approval from the U.S. Small Business Administration (SBA) for a Small Business Administrative Declaration. This will provide Economic Injury Disaster Loans (EIDL) to eligible small businesses, agricultural cooperatives, and nonprofits impacted by the Empire Tower Structural Emergency in Anne Arundel County, which began on July 9, 2026.
Key Details:
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Purpose of Loans:
- To support organizations facing financial distress due to the structural emergency.
- Loans can cover operating expenses (payroll, debts, utilities).
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Loan Features:
- Maximum loan amount: $2 million
- Interest rates: 4% for businesses, 3.625% for nonprofits
- No payments required in the first 12 months.
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Outreach Center:
- To assist affected businesses, an SBA Disaster Loan Outreach Center will open in Glen Burnie on September 24, 2026.
- Location: 7480 Baltimore Annapolis Blvd, Glen Burnie, MD 21061.
- Hours:
- Mon-Fri: 9 a.m. – 6 p.m.
- Sat: 9 a.m. – 1 p.m.
- Sun: Closed
Additional Support:
The Maryland Department of Emergency Management is collaborating with local officials to provide necessary resources throughout this incident.
Governor Moore emphasized the importance of assisting local businesses to bolster the economy and community stability during emergencies.
Contact:
For more information, businesses are encouraged to visit the SBA’s website or contact the outreach center once it opens.
This summary encapsulates the key points and logistical details while omitting extraneous information. Let me know if you need further modifications!
