ANNAPOLIS, MD (March 2, 2010) – Governor Martin O’Malley released this statement today following the passage by the Senate Finance Committee of an unemployment insurance reform plan to help small businesses facing sharp rate increases due to the State’s unusually high unemployment level:
“I want to thank Chairman Mac Middleton for his tireless work negotiating this agreement on unemployment insurance reform. Today, the Senate Finance Committee approved a plan that will provide much needed stabilization to the UI Trust Fund and help qualify the State for an additional $127 million in federal assistance.
“Small businesses represent the engine that is driving our economic recovery, providing three out of every five jobs in Maryland. It has been our goal all along to provide them the opportunity to thrive, improving the conditions under which our small businesses can create or save jobs in these tough economic times. We engaged with the business community at every step of this process, and I’m proud of the result.”