Like it has throughout the country, COVID-19 has had a devastating effect – health-wise and economically – on Maryland. There are almost 40,000 confirmed cases of the virus and over 1,900 deaths in the state as of Monday. Approximately half a million Marylanders have lost their jobs so far and many small business have shut down – many perhaps permanently.
Maryland Comptroller Peter Franchot says we are experiencing an economic hit the likes of which we haven’t seen since the Great Depression. The financial hit will be felt for years to come according to Franchot.
MyMCMedia spoke with the state comptroller Monday to get his assessment of where the state’s economy stands and what the immediate future might look like.
🚨 IMPORTANT UPDATE FOR BUSINESS TAXPAYERS 🚨 Business filing and payment deadlines in Maryland have been extended to JULY 15. More info ⬇️ https://t.co/8avnpS7LbB
— Comptroller Peter Franchot (@peterfranchot) April 14, 2020
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Comptroller Franchot Gives Update on Economic Impact of COVID-19
