WBAL-11 NBC Baltimore: Some Marylanders can get rewards points for shopping local

BALTIMORE — Maryland Comptroller Peter Franchot on Monday kicked off the state's annual Shop Maryland for the Holidays campaign, and there's a new financial incentive this year. The coronavirus pandemic pushed the annual appeal up this year. Franchot called 2020 a completely weird year economically because of the virus. "Do the patriotic thing and shop local. Help our small businesses during the pandemic," Franchot said. Seven Maryland-based credit unions are offering rewards points for shopping at local businesses starting now through the end of the year. The State Employees Credit Union of Maryland, the state's largest credit union, is increasing reward points and lowering interest rates.

WTOP: Maryland urges residents to shop local for the holiday season

Many Maryland retailers and restaurants have suffered significant economic loss due to the COVID-19 pandemic. And there’s a simple way residents can give these small businesses a hand up this holiday season: Shop locally. Maryland Comptroller Peter Franchot said people can support their communities, help preserve jobs and keep small businesses afloat if they spend locally. “Small businesses have always been there for us,” Franchot said during a virtual news conference Monday, whether it’s supporting the local Little League team or stepping up whenever there’s a fundraising request. Franchot said that of the some 170,000 small businesses in Maryland, some 30,000 have either permanently closed

The Washington Post: We can’t let Main Street become a ghost town

The scene on Main Street America is bleak. Darkened storefronts adorned with “Closed” and “For Lease” signs have become common sights in both urban and rural areas. Maryland is no exception. From my hometown in Takoma Park to the bucolic charm of Chestertown, many businesses have shuttered or are hanging on for dear life. Since the coronavirus pandemic wreaked havoc on our nation, I’ve talked to hundreds of business owners — restaurateurs, retailers, manufacturers, entertainers and others. They’ve pivoted their business models and adapted to ever-changing rules to ensure customer safety. They’re employing creative strategies and doing everything they can to keep the lights on. Curbside picku

Maryland Matters: Alternative Fiscal Forecast Shows Sagging State Revenues if Labor Market Recovery

By Danielle E. Gaines An alternative financial forecast requested by the state’s top fiscal leaders shows that sustained job losses could drive state revenues down by $1.5 billion more than official estimates over the next two years. The forecast, delivered to the Board of Revenue Estimates on Friday, shows the impact that a slower-than-anticipated labor market recovery would have on official projections unanimously approved by the panel last week. That official revenue forecast showed a $1.4 billion projected revenue increase for the 2021 fiscal year and a $2.1 billion increase for 2022 from fiscal guidance presented in May. Still, the September figures showed a $672.6 million revenue decre

San Antonio Express-News: Maryland revenues improve, but officials warn of uncertainty

ANNAPOLIS, Md. — Maryland’s projected revenues improved by $1.4 billion in the current fiscal year with huge help from the federal government in response to the coronavirus, but state officials warned Tuesday of continued financial uncertainty amid the pandemic and Washington’s response to it. The state’s Board of Revenue Estimates raised revenue projections to $18.7 billion for the current fiscal year, which began in July. “While some may view these higher-than-expected revenue projections as indicators that our economy is on the path of recovery, it’s critical that we’re clear-eyed about what factors contributed to these numbers, because we remain, frankly, in a period of economic and fisc

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