Application for the $5 million in economic development funds for the second round of the MontcoStrong Small Business Grant Program opens Wednesday morning at 10:00 AM.
The second round will once again be administered by the Redevelopment Authority of Montgomery County together with the Montgomery County Board of Commissioners and the Montgomery County Commerce Department.
Eligible small businesses can apply for a grant to cover their accounts payable between May 1, 2020, and September 30, 2020, as well as rent and mortgage payments and debt service payments on loans and credit cards for the same period.
The eligibility criteria include having a physical location in Montgomery County, having reported gross revenues not greater than $10 million on the last federal tax return, and employing no more than 30 employees as of the application date.
Businesses that received a grant in the first round may not apply again. Additionally, small businesses that applied for a grant but were not awarded funding in the first round must apply again to be considered in Round 2.
Applications can be submitted via email starting on this morning, May 13 between 10 am until approximately 6 pm.
More info on the Round 2 of the MontcoStrong Small Business Grant Program is available here.
Correction: Previous versions of this post incorrectly stated applications would be accepted on April 11th.
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