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April 6-Montgomery County Announces MontcoStrong Small Business Grant Program

April 6th, 2020 – 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. Administered in partnership with the Redevelopment Authority of Montgomery County with the Montgomery County Commerce Department, eligible applicants may apply for up to $25,000.

Applications will be accepted beginning on Wednesday, April 8, 2020 at 11 a.m.

 

Details about Grant Program from Montgomery County Website.

https://www.montcopa.org/3508/MontcoStrong-Small-Business-Grant-Progra

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.  Administered in partnership with the Redevelopment Authority of Montgomery County with the Montgomery County Commerce Department, eligible applicants may apply for up to $25,000 and grant proceeds may be used for the following costs:

  • Rent/Mortgage Payments due from March 23, 2020 through July 31, 2020.
  • Payroll expenses from March 23, 2020 through July 31, 2020 – no more than 15% of eligible payroll costs can be used to pay any owner with more than 5% of the applicant entity.
  • Utility costs due from March 23, 2020 through July 31, 2020. Utilities must be directly tied to the business operations and/or physical location.
  • Debt service payments such as credit cards and loans in the businesses name (no more than $5,000 of total allowable costs) from March 23, 2020 through July 31, 2020.

Applicants must meet the following criteria to be eligible to apply:

  • Be a for-profit business with a physical location in Montgomery County, Pennsylvania that was in operation on or before March 23, 2020 and can be identified as a business impacted by economic disruptions caused by the COVID-19 global pandemic and/or is a business that has closed as a result of the Governor of the Commonwealth of Pennsylvania order relating to “non-life sustaining business” effective March 23, 2020.
  • Employed no more than fifty (50) individuals total (including all full time and all part-time staff) as of March 23, 2020 and currently employ no more than fifty (50) individuals total (including all full time and all part-time staff).  Priority consideration for funding will be given to those businesses that certify they are continuing to pay employees even while closed or significantly disrupted by the COVID-19 global pandemic.
  • Must be an incorporated business in and/or registered with the Commonwealth of Pennsylvania.
  • 501c3, 501c4, and 501c6 entities are not eligible.

To prepare for a full application, please review the program guidelines.

Applications will be accepted beginning on Wednesday, April 8, 2020 at 11 a.m. 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. If there are additional funds available, further application rounds may be opened.

To apply – please complete and submit the application form.

Please note – you will need to update a W-9 form to complete your application. If you do not have one readily available, you can use one of the following –

For questions about the program and application process, please review the program FAQ and the program guidelines; you may also email MontcoStrongSBGP@montcopa.org with questions (please note – email address will not be active before 04/08/2020). Please note emails regarding status of an application state cannot be answered due to the anticipated high volume of applications to be submitted; only applicants who receive funding will be informed of their final application status.

Additional Information

Submission of a grant application is not a guarantee of funding.  Businesses, residents, and organizations in need support and guidance of can find additional resources and information as follows:

For information on COVID-19 and Montgomery County’s response to the global pandemic, visit www.montcopa.org/COVID-19.

For information on Federal Government resources to help businesses address the COVID-19 global pandemic, visit https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources.

For information on the Commonwealth of Pennsylvania’s response to the global pandemic, visit https://www.pa.gov/guides/responding-to-covid-19/.