Montgomery County Offering $20 Million For Business Relief

Date: April 15, 2020

What businesses are eligible and how do you apply

 

Under a Public Health Emergency Grant, Montgomery County is now allowing businesses and nonprofits to apply for funds if they are financially impacted by the COVID-19 virus. The grant applies to those businesses with 100 or fewer full-time employees and the amount a company can receive is capped at $75,000. The applicant must “demonstrate financial losses caused by the public health emergency.” Those who have lost 50% of revenue since March will be given a higher priority. A quarter of the funding will go to restaurants and retail establishments that were more drastically impacted.

 The program is being done on a first-come, first-serve basis starting Wednesday April 15, with the first thousand applicants receiving a $10,000 grant. After that, allotments will be determined on a case-by-case basis up to the $75,000 cap. The County says it hopes to process up to 200 applications a day and identify the first 1,000 recipients by next week to get the money “out the door quickly.”  The Montgomery County Council is currently proposing that an additional $5 million in relief be added to supplement the fund.

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

Or call us today
1-800-634-2669

© 2001 - 2024 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy