Support Maryland's Small Businesses With HB 571 & SB 792
The collapse in lending to Maryland small businesses by some of our biggest banks has significantly contributed to the loss of more than 149,000 Maryland jobs since 2008. Small businesses and entrepreneurs with plans to create jobs name access to credit as the largest obstacle.
The Lend Local Act (H.B. 571, S.B. 792) puts more of Maryland’s public deposits in our community banks where they will be working for Maryland’s small businesses, creating jobs and strengthening our local economies.
Specifically, the bill instructs the state treasurer to give Maryland’s community banks—the active small-business lenders based here—a preference when depositing Maryland dollars.
Let your Maryland state representatives know that you want them to support these important bills.