Montco grants

In addition, applicants can have no more than 30 full-and part-time employees as of March 23, and employ no more than 30 fulltime and part-time employees as of the application date, according to information on the program’s website.

Applicants in round one that did not receive a grant must reapply in round two. Businesses that received a grant in round one are ineligible. In addition, 501c3, 501c4, and 501c6 entities are not eligible.

Funding for the program is coming from two sources, according to Montgomery County Commissioners Vice Chairman Ken Lawrence Jr., who said $250,000 is being provided by the Delaware Valley Regional Economic Development Fund. The remainder is coming from federal CARES Act dollars that have been awarded to Montgomery County, specifically for COVID-19.

“We know people are struggling and hurting, so we are doing everything we can to help until we can get back open again,” Lawrence said about the program in a telephone interview Friday, May 8.

In the first round of the MontcoStrong Small Business Grants Program,

1,520 applications totaling $33.7 million in grant requests were received. The first round had $1 million available, with a maximum grant award of $25,000. Forty-three grants totaling $997,443.15 were awarded in round one.

There have been some updates to the program for round two. Among the changes is a tiered grant award system based on gross revenue. Depending on revenue, a business will be eligible for grants ranging from $9,000 for applicants with not more than $1 million in gross revenue as reported on their most recent federal taxes up to $20,000 for eligible applicants with more than $6 million and not more than

$10 million in gross revenue as reported on their most recently signed and filed federal taxes.

The application will be available once the application window opens.

The program is being administered in partnership with the Montgomery County Commerce Department and the Redevelopment Authority of Montgomery County.

Updated guidelines for the program, an FAQ and additional information is available on the program website www.montcopa. org/montcostrongSBGP. Links to the program webpage are also located on the County’s COVID-19 Data Hub at www.montcopa.org/ COVID-19.