Greenbelt Business Improvement & Recovery Fund Application New Available
The Greenbelt Business Improvement and Recovery Fund was established to offer immediate financial assistance to local small businesses whose operations have been impacted by the Covid19 pandemic. This program will provide businesses with a grant for up to $10,000. This is a working capital grant which means that funds can be used to support operating expenses related to business interruption, improvements and continuity. Operating expenses include payroll, rent, fixed debt payment, suppliers, inventory, marketing costs and other business critical cash operating costs. Applicants must meet eligibility guidelines and provide evidence of financial impact due to the COVID-19 pandemic.
Application Period: Monday, September 14, 2020 – Friday, October 16, 2020
Eligibility Criteria:
- Completed application.
- Business is in Good Standing with Maryland Department of Assessments and Taxation (SDAT)
- 2019 Business Tax Return (Form 4506-T)
- 2020 Interim Income Statement (January – June)
- 2019 Personal Tax Return (If filing a Schedule C)
- Proof of Employment
*Please Note: Businesses that received relief funds from Prince George's County Covid19 Business Relief Fund are not eligible for this program.
Applications will be reviewed by an external committee on a rolling basis in the order that they are received. All reviewers are subject to sign a Non-Disclosure Agreement prior to review of any applications.
