The Board of County Commissioners of Allegany County, recognizing the impact of the COVID-19 pandemic on the community’s small businesses, announced a new fund to provide the very best, rapid service to the businesses affected most. These micro-grants can be used by businesses to pay rent, mortgages, or utility costs for businesses. The fund was initially launched on March 27, 2020. The micro-grant can be combined with other funding opportunities provided by the State and federal government.
“Our businesses are hurting and need help now. As the state and federal government are also providing funding, this money is available now for those who need it most,” commented Commission President Jake Shade.
To be eligible, the business must:
- Have a physical address in Allegany County, Maryland
- Must be in good standing with the State of Maryland
- Have no more than 15 full-time employees (as of March 1, 2020)
- Demonstrate a loss of business revenue of 50% or more related to COVID-19
- Have no pre-existing tax liens or legal judgments
- Cannot be any of the following entities: home-based businesses, churches or religious institutions, banks & financial institutions, investment/real-estate entities, government agencies
Additional funds are being provided through funding that Allegany County has received through the passage of the CARES Act.
To apply for the grant, or for additional resources for businesses and for the community at-large, please visit: here.