Statement of Donald C. Fry, President and CEO, Greater Baltimore Committee, regarding Maryland unemployment numbers

March 26, 2020

“The unemployment numbers reveal that the business closures and other restrictive measures being taken to curb the spread of COVID-19 are creating economic hardship for many and that is unfortunate but not unexpected. The hospitality industry – hotels and restaurants –is a strong part of our regional economy and it has taken a significant hit which will drive up unemployment numbers.

However, these steps taken by Governor Hogan are necessary and must be viewed as an investment in public health that will keep the pandemic to a minimum and help the economy turn around sooner rather than later.

State and federal financial programs have been passed and are currently available to those experiencing unemployment and the federal stimulus package should be enacted soon to serve as a bridge as we weather this storm.

A key is to stay positive and keep in mind that the Baltimore region has a very diverse and resilient economy and will bounce back.”

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The Greater Baltimore Committee (GBC) is a regional organization of business and civic leaders that includes businesses, nonprofit organizations and educational and civic institutions. It is the leading voice for the private sector in the Baltimore region on issues relating to economic growth, job creation, workforce development, transportation, the business climate and quality of life. The GBC’s membership is comprised of over 500 member organizations, including large, mid-size and small companies, nonprofits, education and foundations in the Greater Baltimore region.