State of Maryland launches new program to combat supply chain issues
ANNAPOLIS, Md. – Governor Larry Hogan announced on Tuesday that the state is taking action to address supply chain issues.
The Maryland Department of Commerce is coordinating with the Maryland Manufacturing Extension Partnership to launch the Maryland Supply Chain Resiliency Program, which is a new initiative aimed at supporting resilience-building activities for Maryland manufacturers.
We’re told this initiative will provide opportunities for Maryland manufacturers to learn and share best practices for improving their supply chains, helping to manage through the current supply chain crisis, improve outcomes, and reduce risk. In addition, it will help manufacturers connect with local suppliers, customers, and partners.
Grants will be available for technical assistance to manufacturers in the state that lost sales, revenue, contracts, customers, or suppliers due to the COVID-19 pandemic, as well as those whose workforce or supply chain was disrupted. Officials say assistance can range from helping a business identify new markets and supply chain solutions, to export activities, executive coaching, and adopting and implementing new technologies.
“Maryland continues to be a national leader in helping to address the supply chain crisis that is affecting families, businesses, and industries,” said Governor Hogan. “This new program is an innovative way to help manufacturers deal with these challenges and boost the resiliency of our supply base.”
To be eligible for this new program, manufacturers must be located in Maryland and qualify as a manufacturer as defined by NAICS codes 31-33. The business also must have at least 10 employees and $1 million in annual revenues, and demonstrate that one or more of their business operations have been adversely impacted by COVID-19. Once an application is received, a business assessment and review of a company’s business practices will be done to better understand the impacts on the business, which will allow the assessment team to identify potential growth strategies.
Click here for the application.
