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.

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