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Regional business leaders urge federal stimulus package — now

Regional business leaders urge federal stimulus package — now

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A consortium of business groups in Maryland, Washington and Virginia are urging Congress to pass a stimulus package as quickly as possible.

“We support those efforts, and we urge you to work quickly, in a bipartisan manner, to protect workers, businesses and the broader economy from the impacts of this crisis, both near-term and long-term,” the letter urged. “Failure to act now and with haste will have a far greater long-term cost to our economy.”

Congressional Democrats and Republicans over the weekend failed to reach an agreement on a nearly $2 trillion economic rescue package.

Among the groups whose leaders signed the letter were the chambers of commerce of Montgomery, Prince George’s and Howard counties, the Greater Baltimore Committee and the Economic Alliance of Greater Baltimore.

The groups said the stimulus package should:

  • Provides adequate financial relief to individuals and families that address income, housing, health care and food challenges;
  • Preserves jobs;
  • Maintains business liquidity and viability for those most affected;
  • Protects the health and safety of our front-line workers; and
  • Directs additional operating support to our public transportation systems to ensure essential service can continue and limits budgetary cuts in the coming months.

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