A new $2 million Small Business Rent Assistance grant program will provide Montgomery County business owners with up to $10,000 or three months of rent based on their rent.
Retail business owners in Montgomery County, Maryland who are still struggling financially due to the pandemic can get extra help when paying their rent.
A new $2 million Small Business Rent Assistance grant program will provide business owners with up to $10,000 or three months’ rent based on their rent.
“We are fortunate enough to be able to access this federal funding to provide support to these businesses that employ 12 percent of our county’s workforce,” said Montgomery County Executive Marc Elrich.
Grant applications will be open from September 1st to September 30th.
Businesses can qualify for the program if:
- They demonstrate that they have lost income due to the pandemic.
- Earned $500,000 or less in annual income before the pandemic.
- Are classified as a retail or service business, but not a restaurant, medical practice, professional service, religious organization, or licensed child care program.
- You have locations in Montgomery County only.
- You have a commercial lease in Montgomery County.
Once open, the application can be found on the Montgomery County Small Business Rental Assistance Program website — Phase 2. It will also host informational webinars on the application process and eligibility requirements on August 16 and 19. Those who want to participate can register online.
The Latino Economic Development Center is partnering with Montgomery County to distribute the funds, which come from the American Rescue Plan Act of 2021.
Like WTOP on Facebook and follow WTOP on I tweet and Instagram to join the conversation about this article and others.
Get the latest news and daily headlines delivered to your inbox by signing up here.
© 2022 WTOP. All rights reserved. This website is not intended for users located within the European Economic Area.
