Maryland House Bill HB493

Maryland 2023 Regular Session

• Introduced: 1/30/23
• Refer: 1/30/23

Caption

Department of Commerce - Office of Climate Change Assistance for Small Businesses - Establishment

Impact

The legislation is expected to directly affect statutes surrounding small business operations in Maryland. By providing a structured approach for small businesses to adapt to climate-related challenges and shifts in energy production, the bill aims to foster a more sustainable business environment. In doing so, it could potentially alter the landscape of local economies by encouraging a transition to cleaner energy solutions that could mitigate the impacts of climate change on the state's economy and environment.

Summary

House Bill 493 establishes the Office of Climate Change Assistance for Small Businesses within the Maryland Department of Commerce. The Office is tasked with assisting small businesses in transitioning to advanced clean energy and developing strategies for climate resilience. This initiative aims to support businesses impacted by climate change, particularly those that are fossil-fuel-based or carbon-intensive. The bill outlines various responsibilities for the Office, including providing guidance on financial assistance programs and creating plans for transitioning to sustainable practices.

Contention

While supporters argue that the establishment of this Office is a necessary step to assist vulnerable small businesses facing the realities of climate change, there are concerns regarding the adequacy of support and resources for such transitions. Critics highlight the challenges smaller enterprises face in adapting to regulatory changes and new business models, suggesting that without sufficient funding and practical guidance, the effort may be insufficient to achieve meaningful change.