City of Frederick Now Accepting 2nd Round Of Microgrant Applications

September 23, 2020 / / News

The City of Frederick has opened application for a second round of the “Back In Business Conditional Microgrant Program” with expanded eligibility in order to assist additional local small businesses impacted by the economic challenges of COVID-19.

Expanded criteria for Round Two eligibility includes:

  • Employee count may be up to 50 FTEs (full time equivalent); Maximum award will increase from $6,000 to $11,000
  • Applicant must be able to show a decrease in July 2020 revenue as compared to July 2019. This is a removal of the Round One requirement to demonstrate 25% loss of revenue for this period.
  • Applicants may now have received local grants previously via other City/County grants; applicants will have to adhere to guidelines regarding allowable expenditures for which the grant award may be applied.

 

The ‘Round Two’ application window will remain open until noon on Friday, October 16, 2020.

Full program information and the application can be found at:

https://www.businessinfrederick.com/240/Back-In-Business-Conditional-Microgrant

We encourage you to explore this opportunity, to apply

if you find your company to be eligible, and to spread the word!