On March 31, 2020, Montgomery County, Maryland passed the Public Health Emergency Grant Program. The program entails the following:
- NOTE: PHEG will stop accepting applications at 5 p.m. on Saturday, April 25.
- This $20M loan fund offers grants to small businesses and nonprofits.
- Grants are up to $75,000 in funding.
- Businesses must have less than 100 employees and demonstrate the finance loss and impact from COVID-19.
- A quarter of the funding is reserved for restaurants and retailers.
- Grant funding must be used for employee wages and benefits, taxes, debt, rent, or other operating losses during the public health emergency.
- Another $5M on top of the initial grant program will be used for individuals who need assistance with food, rent, and other necessities.
- The County is also offering mini grants of up to $2,500 to help cover the cost of purchasing technology and software for employees to work remotely.
UPDATE: “On April 21st 2020, Montgomery County Council approved $5 Million in additional financial assistance to local restaurants and small retail shops. This is in addition to the $5 Million allocated from the original pool of $20 Million under the PHEG Program.”