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BGE providing $15M to assist small businesses with COVID-19 challenges
Listen to this articleBGE announced it is pledging $15 million to assist small businesses with COVID-19 relief and recovery. Starting in January 2021, eligible businesses located in BGE’s central Maryland service area can begin applying for BGE Energizing Small Business Grants of up to $20,000 each.
The grants program is a multi-year commitment and is expected to run through at least 2023. This program is part of the company’s comprehensive Customer Relief and Energy Infrastructure Investment Plan, designed to help the state’s businesses and residents recover from the economic hardships caused by the COVID-19 pandemic.
In addition to small business grants, BGE’s comprehensive efforts to support Marylanders during the COVID-19 pandemic have included an additional $1.5 million contribution to the Fuel Fund of Maryland, $1 million in funding to county-administered business pandemic relief funds, expansion of BGE’s Workforce Collaborative infrastructure academy to train approximately 600 local residents for job placement over the next three years and extending flexible payment arrangement plans to help qualifying customers to maintain their electric and gas service.
BGE and the Exelon companies in Maryland directed $1.25 million to Maryland relief organizations, including the Maryland Food Bank, United Way of Central Maryland, PCs for People, and the Baltimore Community Foundation. The Energizing Small Business Grants program and all nonprofit contributions are made using shareholder dollars and are not reflected in customer bills.
