Montgomery County, Maryland PHEG Program: $20 Million Fund for Local Businesses, Nonprofits, Retail, and Restaurants
April 22, 2020
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.”
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