Montgomery County Maryland sent this bulletin at 04/05/2020 06:01 PM EDT
County Update: Small Business Edition
Hi,
We are in the middle of an economic crisis -- as well as a public health emergency. For the first time, six million Americans filed for unemployment assistance - ten times the number that have ever filed during past recessions. And all over Montgomery County, businesses have closed and thousands of business owners are wondering if they will be able to keep the lights on.
Since the beginning of the COVID-19 emergency, I have been in constant contact with local business owners. Over 90% of our businesses have 50 employees or less, making small businesses the backbone of Montgomery County’s economy and the creators of most of our jobs. Throughout this crisis, I’ve been talking to business owners and government officials on how we can help our local business owners keep their lights on and reopen as soon as possible if they do have to close.
Last week, my colleagues and I passed Bill 16-20, the Public Health Emergency Grant Program. Bill 16-20 establishes a $20 million grant program that will help local businesses pay rent, staff, and/or operational expenditures. There is a maximum cap of $75,000 per business. Micro-businesses, sole proprietors, non-profits and all businesses with fewer than 100 employees are eligible. Given that our retail and restaurant businesses were hit most severely by this pandemic due to the need for social distancing, I successfully advocated to reserve at least 25% of the fund for retail and restaurants.
As we continue to respond to this public health and economic crisis, I will continue to support local businesses and share important information. Please do not hesitate to contact my office at 240-777-7960 or tom.hucker@montgomerycountymd.gov.
Sincerely,
Tom Hucker Vice President Montgomery County Council
Tom is hosting virtual town halls on Monday evenings at 7pm with county residents to provide the latest updates about our community's response to coronavirus. This Monday, we will have a general update from 7-7:30pm. From 7:30pm to 8:30pm we will have an open conversation about issues related to online learning and education. Click here to sign-up for instructions to join the meeting via Zoom, Facebook Live, or telephone.
Montgomery County has produced a COVID-19 Business Factsheet to guide businesses during this emergency. The Fact sheet provides best practices, recommendations for customer service challenges, and frequently asked questions.
The Montgomery County Economic Development Corporation is constantly updating their COVI-19 business resources website. EDC’s website centralizes county, state, and federal resources for all types of businesses.