Build Back Better Act Fact Sheet

Transformative Investments for Children and Caregivers  

• As of 2024, all workers will be eligible for up to four weeks of paid leave for new parents, workers dealing with their own serious medical conditions, and workers who need leave to care for a loved one with a serious medical issue 

• Provides access to high-quality, universal, free, inclusive, and mixed-delivery preschool for 138,156 eligible preschoolers in Maryland  

• Provides access to affordable and high-quality childcare to 370,000 young children in Maryland, costing eligible parents no more than 7% of their annual household income 

• Extends the Enhanced Child Tax Credit for households earning up to $150,000  

• Provides an additional 55,000 Maryland students access to healthy and free school meals and another 430,954 children resources to access summer food options 

Addressing the Climate Emergency 

• Provides $4 billion for reduction of carbon pollution in the surface transportation sector 

• Extends the production tax credit which allows energy producers to claim a credit based on electricity produced from renewable energy sources 

• Establishes a Civilian Climate Corps to address extreme weather, legacy pollution, and will create good-paying union jobs for Marylanders  

• Provides $25 million in funding for Biden’s Justice40 initiative, which will allocate 40% of the overall benefits of relevant federal investments towards communities hit hardest by climate change.  

Critical Health Care Expansions  

• Expands 34,000 uninsured Marylander's access to healthcare and includes hearing benefits  

• Gives the Health and Human Services Secretary the ability to negotiate lower drug prices 

• Caps out-of-pocket costs on drug spending in Medicare 

• Investments to diversify the doula, midwife, and OBGYN workforce   

Lowering the Cost of Higher Education 

• Increases the maximum Pell grant award by $550 to support over 84,000 students in Maryland who rely on Pell. 

• Expansion of federal student aid eligibility to Dreamers and students with temporary protected status (TPS)  

• Maryland’s 17 minority-serving institutions and HBCUs will have access to grants that improve long-term capacity and development infrastructure  

• Investment to enhance Maryland’s 16 public community colleges’ workforce programs, sector-based training, and apprenticeships  

Addressing America’s Housing Crisis 

• Provides 353,000 Maryland renters tenant-based rental assistance 

• Provides $65 billion to repair the nation’s public housing 

• Provides $25 billion to fund the construction, purchase, or rehabilitation of over 314,000 affordable housing units 

• Provides $3.05 billion in Community Development Block Grant funding for affordable housing and community infrastructure  

• Provides $1 billion in grants to help minority-owned businesses expand their operations 

Bipartisan Infrastructure Investment and Jobs Act - Maryland Factsheet

Improving Maryland’s Highways, Roads, and Bridges

• Invests $4.1 billion in Maryland’s federal-aid highway apportioned programs
• Invests $409 million for bridge replacement and repairs in Maryland over five years
• Maryland will be able to compete for the $12.5 billion Bridge Investment Program and the $16 billion of national funding dedicated for major projects designed to deliver economic benefits to communities

Improving Maryland’s Public Transportation System

• Invests $1.7 billion over five years under the Infrastructure Investment and Jobs Act to improve public transportation options across Maryland

Building out Maryland’s EV Charging System

• Invests $63 million over five years to support the expansion of an EV charging network in Maryland
• Maryland will have the opportunity to apply for the $2.5 billion in grant funding dedicated to EV charging in the Act

Expanding Internet Access for Marylanders

• Allocates $100 million to help provide Marylanders with broadband coverage across the state
• Provides access to the at least 148,000 Marylanders who currently lack internet
• 17% of people in Maryland will be eligible for the Act’s Affordability Connectivity Benefit, which helps low-income families afford internet access

Strengthening Maryland’s Infrastructure Against Climate Change and Cyber Attacks

• Invests $7.9 million over five years to protect against wildfires
• Invests $15.9 million to protect against cyberattacks
• Maryland will also be a state beneficiary of the Act’s historic $3.5 billion national investment in weatherization to reduce energy costs for families

Delivering Clean Drinking Water to Maryland

• Invests $844 million over five years to ensure the delivery of clean, safe drinking water to every Marylander

Improving Maryland’s Airports

• Invests $158 million for infrastructure development for Maryland’s airports over five years

Small Business Resources

Small Business Assistance and Information

• Browse Maryland’s small business assistance resources on BusinessUSA
• SAM.gov - Search for Federal Business Opportunities
• IRS Tax information for Small Businesses and the Self-Employed
• Small Business Administration local regional offices
• U.S. Government export portal
• Federal Trade Commission - Going into Business
• SBA Maryland Resource Guide
• COVID-19 Relief Options

What are my options for obtaining capital to start or expand my business?

The SBA administers an array of loan programs to help businesses start, expand, and recover from disasters. Below are programs SBA offers to help your business succeed:    
 

• The 7(a) Loan Program is SBA’s primary business loan program, assisting small businesses to obtain financing when they are unable to obtain traditional credit.

• The 504 Certified Development Company Program provides long-term, fixed rate financing for businesses to acquire real estate, buildings, or heavy equipment and machinery.

• SBA’s Microloan Program provides loans to non-profit intermediary lenders who in turn lend the funds in amounts of $50,000 or less to the smallest of small businesses and start-ups.

• The Small Business Investment Company (SBIC) Program provides long-term loans and equity capital to high- growth start-up businesses.

• The Community Advantage Program is a pilot initiative intended to increase the number of SBA lenders making loans to underserved communities.

• SBA provides low interest, long-term loans through its Disaster Loan Program to businesses of all sizes, private non-profit organizations, homeowners, and renters. These loans can be used for physical and economic damage caused by a declared disaster.