Montgomery County has expanded the eligibility criteria for small businesses looking for COVID-19 relief, increasing the maximum number of employees and maximum annual revenue requirements to allow more local businesses to qualify for grants of up to $10,000. Montgomery County has set aside $40 million to help small businesses recover from COVID-19 losses.
Below are the expanded eligibility requirements (updates in red):
Must be locally owned and located in Montgomery County
Must have fewer than 50 employees
Must have gross annual receipts of less than $5 million
Must not have already received federal assistance (SBA Economic Injury Disaster Loan, Paycheck Protection Program, or other programs funded by the federal CARES Act)
Must have a physical storefront and/or an allowable home office as reported in most recently filed tax return
Must be current on all state, federal, and local taxes
Must be in compliance with State of Ohio small business requirements
Must retain at least one-full-time employee for at least three months after the grant award
Please note that you will need to submit supporting documents to apply.