Recognizing the need to provide support to strengthen our local businesses and communities, the Montgomery County Board of Commissioners announced on May 6, 2020 that it is making available $5,000,000 in economic development funds to provide grants to eligible small businesses for Round 2 of the MontcoStrong Small Business Grant Program. Round 2 grant awards will once again be administered by the Redevelopment Authority of Montgomery County in partnership with the Montgomery County Board of Commissioners and the Montgomery County Commerce Department. Eligible applicants for Round 2 may apply for a grant to cover the following costs:
- Accounts payable, including utilities, vendors, suppliers, and working capital expenses, between May 1, 2020 through September 30, 2020.
- Rent/mortgage payments between May 1, 2020 through September 30, 2020.
- Debt service payments on loans and credit cards (may not exceed more than 25% of total grant award) between May 1, 2020 through September 30, 2020.
Learn more by visiting Montgomery County’s website here.