ANNAPOLIS, Md. (AP) — Maryland officials have approved $2.5 million to help small businesses and property owners in Ellicott City recover from last month’s flooding.
The Board of Public Works voted 2-0 Wednesday to make the money available from the Small, Minority and Women-Owned Business Account.READ MORE: ALERT DAY: Extreme Heat & Humidity Creating Potentially Dangerous Conditions
The money will be used to provide zero- and low-interest loans to enable affected businesses to reopen either in Ellicott City or a temporary location. The loans also will allow business and property owners to restock inventory, complete repairs and meet other immediate needs.READ MORE: Suspect In Reisterstown Road Shooting Arrested
The Hogan administration also announced it is asking the Legislative Policy Committee to approve the transfer of $2.5 million from the Catastrophic Event Fund to provide added help to Ellicott City and property owners affected by the flooding.
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