The current COVID-19 public health crisis is having a devastating impact on local businesses and families.
The Montgomery County Public Health Emergency Grant (PHEG) program is designed to provide financial assistance to small businesses and nonprofits in Montgomery County (including sole proprietorships and independent contractors) that have experienced significant financial loss caused directly or indirectly by this public health emergency. Local businesses may be eligible for grants of up to $75,000.
Online Application for the Public Health Emergency Grant (PHEG) program
*Montgomery County’s Public Health Emergency Grant (PHEG) Program Stopped Accepting Applications on April 25.– (Since April 15, more than 6,200 applications have been submitted and reviews of the applications are underway. The PHEG program was established through a partnership between County Executive Marc Elrich and the County Council to provide financial assistance to businesses and nonprofit organizations with 100 employees or fewer that have experienced a significant reduction in revenue due to the health crisis.- The program was funded with $25 million, with at least $10 million of those funds dedicated to restaurants and storefront retail businesses.)
Montgomery County Executive Marc Elrich and County Health Officer Dr. Travis Gayles announced which activities will be included in Phase 2 of reopening.
The Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act established a $349 billion Paycheck Protection Program*
*Notice: Lapse in Appropriations 4/16/20 – the SBA was unable to accept any new applications for the Paycheck Protection Program based on available appropriations funding.
Grants would provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed. All loan payments would be deferred for six months. Most importantly, the SBA will forgive the portion of the loan proceeds that are used to cover the first eight weeks of payroll costs, rent, utilities, and mortgage interest.
*Notice: Additional PPP funding started up again on April 27, 2020
Good News with the PPP Flexibility Act 2020
Congress has greatly expanded the requirements for PPP loan forgiveness. Some of the changes include:
– Funds can be spent over 24 weeks vs. the original 8-week time frame.
– Only 60% of funds need to be spent on payroll vs. the original 75%.
– Extends applicable rehiring rules from June 30th to December 31st.
– If the loan is not fully forgiven, repayment options have been relaxed.
*This information was prepared by others and the WK Chamber does not give financial advice; each business should consult their own accounting or legal representatives. The WK Chamber is not responsible for the accuracy or completeness of the information.
The U.S. Small Business Administration reopened the program to all eligible applicants experiencing economic impacts due to COVID-19.
Providings businesses of all sizes with updates and best practices as we follow the implementation of Governor Hogan’s Maryland Strong: Roadmap to Recovery plan.
Getting tested for the coronavirus is not like getting a flu shot. If you are seeking a coronavirus test, you must have a doctor’s referral and meet the hospital or clinic’s screening criteria.
~ WEBINARS ~
Telework and Flextime Presentations and Videos
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. Small Business Data Resources is a valuable tool for researchers, policymakers, small business trade associations, and members of the media interested in small businesses’ role in the economy.
The tool is a concise summary listing of many of the most used federal government agencies, as well as non-government private sector, university, nonprofit, international, and other sources. Key topics include demographics, employment, exports, finance, firm size data, firms and establishments, health care, income and sales, pension coverage, taxes, and training.
Quick and easy access to statistics, and provides selected demographic and economic statistics from the American Community Survey. Search by geography, including incorporated places like cities and towns and census designated places. View detailed race, age and gender breakdowns, and compare communities.
QuickFacts site with American Community Survey statistics – find information about a town, county or state.
The IRS Small Business was established to (1) assist small, HUBZone small, small disadvantaged, women-owned small, veteran-owned small, and service disabled veteran-owned small businesses, to develop, grow, and ensure their long-term success;
(2) continually foster an environment where small, HUBZone small, small disadvantaged, women-owned small, veteran-owned small, and service disabled veteran-owned small businesses can compete successfully for a fair share of IRS’s procurements on their own merits; and
(3) assist large businesses to increase subcontracting opportunities for small, HUBZone small, small disadvantaged, women-owned small, veteran-owned small, and service disabled veteran-owned small businesses.
3409 Annex 6401, Security Boulevard, Baltimore, MD 21235
LexisNexis® Martindale-Hubbell has been the world’s leading source of information for the legal and business professions for more than 140 years. Resources are available for business news, risk management information, company profiles, and more. Learn more through the free white papers and links to free resources in the LexisNexis online community.
- LexisNexis Red Flags Rule can help businesses comply with the FACT Act Identity Theft Red Flags Rule. Reveal patterns, practices and suspicious activities that may indicate the possibility of identity theft.
- LexisNexis Risk Solutions provides a wide-ranging collection of intelligence and analytics to professionals who need to protect and grow their organization.
- LexisNexis Identity Fraud helps reduce compliance risk and prevent losses due to identity theft.
- LexisNexis Company Profiles and find Corporate Affiliations.
SCORE is a nationwide nonprofit volunteer association of over 10,500 retired and active small business owners, executives and professionals. As a resource partner of the U.S. Small Business Administration, it provides free counseling to small businesses. The Washington, DC Chapter has over 50 members experienced in owning and operating both small and large businesses in almost every field. For information on the SCORE program and their workshops, call 202-272-0390.
Start-ups and small businesses can call for a FREE counseling session at the Interim Wheaton Library, 2400 Arcola Avenue, Wheaton, MD 20902; call 240-777-0678 to make an appointment.
Or call 311 – Access information and create or track service requests of County government info.
Includes business-friendly features, data resources and information to help you find the best talent, the perfect location for your new or growing company, plus the latest in market intelligence and business insights.
Local Small Business Reserve Program (LSBRP) is designed to help small businesses in Montgomery County obtain work with the county (which looks to allocate 20% of business to small business). Small businesses can find out how to get notified of upcoming procurements, downloading, accessing, and viewing abbreviated scopes of the procurements.
Formal solicitations include Invitation for Bids (IFB), Requests for Proposals (RFP) and Requests for Expressions of Interest (REOI).
The Office of Planning and Development is responsible for implementation and management of the County’s redevelopment projects. A key component of this effort is creating opportunities for Public-Private Partnerships that leverage County assets and facilitate initiatives.
DPS promotes the health, safety and welfare and economic well-being of residents, businesses and communities of Montgomery County with timely, professional, transparent and consistent review and processing of plans and permits and through inspections of structures, rights-of-way and development. DPS enforces national, state and local codes for fire and life safety, electrical, mechanical, energy, accessibility, building and other public safety and zoning codes.
Search for commercial office space and sites in Montgomery County using the online search tool.
The center offers Programs and Services for Adults 18 years and Older; located at 21 Maryland Avenue, Suite 330, Rockville, MD 20850. They’ve had many years of Service and Advocacy – helping women in the County with life and work transitions. For office hours and more information, call 240-777-8333.
Office oversees redevelopment and revitalization activities. Montgomery County Department of Transportation (MCDOT) has entered into a joint development partnership with Stonebridge. The Wheaton Revitalization Project will provide a government office building, below ground parking garage, and a town square as part of the Revitalization Strategy for this area.
This mixed-use development will endeavor to improve mobility, increase Wheaton Metro Station use, diminish negative environmental impacts, reduce traffic congestion and increase the diversity of employment opportunities and services in the Wheaton area.
A County Executive Initiative opened its doors in Wheaton on September 8, 2001. Its mission is to provide an opportunity for all residents of Montgomery County to gain a better understanding and deeper appreciation for the variety of cultures that make up our community. As well as to provide an open, supportive and hospitable environment that affirms the County’s multiculturalism and foster a sense of belonging among all in our community. The Center serves as a central point of contact for services and programs available throughout the County, governmental and nongovernmental – in particular for new immigrants and new residents to the County.
Since its opening, the Gilchrist Center has served clients from over 60 different countries. Some of the specific programs offered include: New Americans Welcome Center Cultural Programs; Small Business Development Information and classes; and the Cultural Ambassador Program. The Center serves over one thousand clients a month from its location at Westfield South Building, 11002 Veirs Mill Road, 5th Floor, Wheaton, MD 20902. For more information, contact 240-777-4940.
- Education, Training and Development – Montgomery College offers the best value for your training needs, and has business training centers in Gaithersburg, Wheaton, and Silver Spring. Endless possibilities that are affordable, practical, and convenient.
- Professional and Workforce Development courses in:
- AP Institute / The College Board
- Management Development
- Maryland Safety Programs
- Diversity Management Institute
- Professional Licensure
- Instituto Hispano de Negocios y Entrenamiento (Hispanic Business & Training Institute)
- Sales & Marketing
- Small Business Development