The Department of Economic Development is offering limited one-time $2500 awards to local small businesses.
As the impact of the COVID-19 pandemic continues to grow in our community, Mayor O’Connor is announcing a new opportunity for small businesses through the City’s Department of Economic Development (DED). Today, DED launched a Small Business Resiliency Micro-Grant Program, activated by re-deployed departmental funds, to assist small businesses within The City of Frederick during these challenging times.
The micro-grants, which can be combined with other funding sources, tax credit programs, and state grant or loan programs, may be used to pay rent, mortgage, and utility costs. To be eligible for the Micro-Grant Program, businesses must be a registered business entity in good standing with the State of Maryland, must have a physical establishment within The City of Frederick, and have no more than 15 full-time employees as of March 1, 2020. The following entities are not eligible: home-based businesses, churches, non-profit organizations, banks & financial institutions, real-estate investment entities, food trucks, and government agencies.
Businesses wanting to apply for the Business Resiliency Micro-Grant should visit businessinfrederick.com and click on the “Apply For Grant” button. A PDF version of the application is available by request at email@example.com.
Additionally, the community is invited to help small businesses survive current economic hardships through this program. Donations can be made to the Economic Development Fund at the Community Foundation of Frederick County.
Limited grant funds are available. Awardees will be required to complete a disbursement form and must be able to produce receipts. The Micro-Grant Program criteria may be amended from time to time at the discretion of the City of Frederick’s Department of Economic Development based on community need, business demand and availability of resources.
The City of Frederick Department of Economic Development strives to increase economic opportunity for Frederick by supporting and promoting a community where businesses and residents can thrive. For additional questions about the Business Resiliency Micro-Grant program or other services, contact the Department of Economic Development at 301-600-6360.