NFIB Reacts to Announcements on Unemployment Insurance and Business Grants

Date: December 10, 2020

ANNAPOLIS (Dec. 17, 2020) – Today, Governor Larry Hogan announced unemployment insurance benefit charges will be waived against an employer who had to lay off or furlough employees due to government forced shutdowns. Further, loans from the Department of Commerce to provide financial assistance to Maryland small businesses will be converted to grants. The National Federation of Independent Business (NFIB) in Maryland, which represents thousands of small businesses in the state, reacted to that news. The following comments are from NFIB’s Maryland State Director, Mike O’Halloran:

“This is welcome news for small business owners in Maryland. We would like to thank Governor Hogan and his Administration for working with NFIB on these priorities. But there is still much work to be done.    

“Unfortunately, Maryland small business owners will still see their unemployment insurance premiums skyrocket next year. Even an employer who did not have to lay off a single worker throughout all of 2020 will see an increase in their UI taxes from $25 per employee to $187 per employee. That is a seven-fold increase. But had it not been for the action taken today by Governor Hogan, those taxes would have gone even higher for employers forced to lay off workers because of government shutdowns. We must continue to look for ways to get financial assistance to our state’s jobs creators whether it is through actions like today’s or another round of Congressional stimulus. We cannot afford to stop here.”

Related Content: Small Business News | Maryland

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