Governor Moore Requests Administrative Declaration from U.S. Small Business Administration for Anne Arundel County
Updated:
ANNAPOLIS, MD – Governor Wes Moore announced today that he has requested the Administrator of the U.S. Small Business Administration (SBA) to issue a Small Business Administrative Declaration to provide assistance in the form of SBA Economic Injury Disaster Loans following the Empire Tower Structural Emergency in Anne Arundel County on July 9, 2026.
“Local businesses have been profoundly affected by the structural emergency at Empire Towers that occurred in July,” said Gov. Moore. “These small businesses, ranging from medical clinics and insurance agencies to commercial cleaning and training services, are the backbone of the community. We are seeking this SBA declaration to give affected owners immediate access to low-cost funding with zero initial payments so they can navigate economic hardship and rebuild.”
“This is an unusual and complex situation impacting the community. Anne Arundel County government has worked hard to meet the needs of those affected,” said Maryland Department of Emergency Management Secretary Russell Strickland. “The SBA Economic Injury Disaster Loans requested by Governor Moore will be an important resource for the small businesses which have done their best to weather the situation.”
The Maryland Department of Emergency Management (MDEM) has been coordinating with Anne Arundel County to provide support and statewide coordination throughout the incident.
An SBA Economic Injury Disaster Loan (EIDL) declaration provides critical financial recovery support for affected small businesses, small agricultural cooperatives, and private nonprofit organizations. Specifically, it can include:
- Working Capital Support: Businesses can obtain loans to cover ordinary and necessary operating expenses—such as payroll, fixed debts, accounts payable, utilities, and rent.
- No Physical Damage Required: Assistance is available even if the business or nonprofit did not suffer any physical property damage.
- Favorable Terms: Loans of up to $2 million are available with interest rates as low as 4% for small businesses and terms extending up to 30 years.
- Deferred Payments: Interest does not accrue, and payments are not required during the first 12 months following the initial loan disbursement
The Moore-Miller administration remains fully committed to supporting local business owners and ensuring they have the resources they need.
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