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Maryland Updates

April 3, 2020
Montgomery County, MD: 
We previously shared that the Montgomery County Council recently created a $20M Public Health Emergency Grant Program, which enables the County Executive to provide grant funding to small businesses with 100 or less employees and nonprofits. We are still awaiting information on when applications will be made available. Montgomery County recommends emailing with the subject line PHEG to be added to their mailing list to be notified real time when the application is open.
Prince George’s County, MD: 
County Executive Angela Alsobrooks announced the Prince George’s County COVID19 Business Relief Fund, a $15M fund established to provide financial assistance to businesses affected by the COVID-19 crisis via loans of up to $100,000. The Relief Fund can be used to support cash operating expenses including payroll, suppliers, rent, fixed debt payments and other business critical cash operating costs.
Businesses must retain County jobs with a goal of hiring County residents for future vacancies. Borrowers must maintain operations in the County for the term of the loan. Businesses must provide evidence that an application for assistance has been submitted to the SBA EIDL program and the State of Maryland Small Business COVID-19 Relief Fund.  The loan application for the Business Relief Fund will be open from April 13 - May 15.
Also available is the County Grant; the $2.5 million program offers grants to provide working capital for small County based businesses whose operations have been interrupted due to COVID -19. Grant assistance provides up to $10,000 for businesses with more than 10 employees and up to $5,000 for businesses with less than 10 employees. Applicants must meet eligibility guidelines and provide evidence of financial disruption due to the COVID-19 crisis.