Montgomery Co. offering rental aid for retail organizations

Retail business homeowners in Montgomery County, Maryland, who are nonetheless economically battling due to the fact of the pandemic, can receive additional aid when having to pay rent.

A new $2 million Small Enterprise Rental Assistance grant system will present organization house owners up to $10,000 or three months of hire primarily based on their lease.

“We are fortuitous plenty of to be equipped to obtain this Federal funding to supply aid to these businesses that employ 12 percent of our County’s workforce,” reported Montgomery County Government Marc Elrich.

Apps for the grant will open up from Sept. 1 by Sept. 30.

Firms could be eligible for the method if they:

• Show they missing earnings simply because of the pandemic.
• Received $500,000 or much less in annual earnings prior to the pandemic.
• Are categorised as a retail or service-relevant business enterprise, but not a cafe, health care exercise, expert service, spiritual corporation or certified child treatment software.
• Have spots only in Montgomery County.
• Have a business lease in Montgomery County.

As soon as it is open up, the application can be located on the Montgomery County Tiny Company Rental Assistance Software — Stage 2 webpage. It will also host informational webinars on the software system and eligibility needs on Aug. 16 and 19. Individuals wanting to show up at can indicator up on-line.

The Latino Economic Development Middle is partnering with Montgomery County to distribute the resources, which come from the American Rescue Plan Act of 2021.

Like WTOP on Facebook and observe WTOP on Twitter and Instagram to interact in conversation about this write-up and some others.

Get breaking information and day by day headlines sent to your e-mail inbox by signing up below.

© 2022 WTOP. All Legal rights Reserved. This web site is not meant for consumers positioned within just the European Economic Place.