UPDATE As of 12:30pm 4/8/20****** Montgomery County received approximately 630 applications for the MontcoStrong Small Business Grant Program. Therefore, in accordance with the program guidelines, as of 5:30pm today, April 8th, 2020, applications will no longer be accepted. Any eligible applicant may still submit an application until 5:30pm today by visiting https://www.montcopa.org/MontcoStrongSBGP.
Please share this information as an update through your networks. We appreciate everyone’s understanding and we will continue to explore every possible way to assistance businesses and communities in Montgomery County during this difficult time.**********
Montgomery County Board of Commissioners announced the MontcoStrong Small Business Grant Program. Recognizing the need to provide support to strengthen our local businesses and communities, Montgomery County is providing $1 million in economic development funds to provide grants to eligible small businesses through the MontcoStrong Small Business Grant Program. The purpose of the small business grants are to provide businesses in Montgomery County with financial support as relief due to disruptions caused by the COVID-19 global pandemic.
This is a Montgomery County funded initiative created by the Montgomery County Board of Commissioners and the Montgomery County Commerce Department in partnership with the Redevelopment Authority of Montgomery County. This initiative was developed in part as a result of data & information derived from the ongoing regional survey of business impacts related to COVID-19 and to provide further, targeted support to Montgomery County businesses to augment state and federal programs.
Eligible small businesses in Montgomery County can apply for up to $25,000 to help with making rent or mortgage payments, meeting payroll expenses, and covering utility bills. The complete eligibility criteria, program information, program guidelines, program FAQ, and application instructions are all available at www.montcopa.org/MontcoStrongSBGP – links to this webpage can be found on our Commerce Department’s homepage (www.montcopa.org/Commerce) as well as on the Montgomery County COVID-19 data hub (www.montcopa.org/COVID-19).
Applications will be accepted beginning at 11am on Wednesday, April 8th, 2020. Applications will be reviewed on a rolling basis. Applications will be accepted until all grant funds are awarded and/or the number of applications received significantly surpasses all available grant funds to be awarded in an application round. While we anticipate the number of applications received will quickly outpace the amount of funding available in the initial round, applications will be reviewed for thoroughness and determination of need based on program guidelines.
Grant administration, contracting, fund disbursement, and reporting will be managed by the Redevelopment Authority of Montgomery County. We are very appreciative of the cooperation and collaboration that brought this opportunity together led by Jonathan Spergel, Chair of the Redevelopment Authority Board of Directors, and Jerry Nugent, Executive Director of the Redevelopment Authority, who along with the entire Redevelopment Authority Board of Directors and their Solicitor have both worked closely with the Commissioners, senior county leadership, and the County’s Director of Commerce on this initiative.