Small Business Resiliency Micro-Grant
*** At this time, we are no longer accepting applications. Please refer to the COVID-19 Resource page for additional information on State & Federal programs available to local small businesses. ***
A micro-grant program activated by funds from the Department of Economic Development to assist small businesses in The City of Frederick impacted by the COVID-19 pandemic and affiliated State Executive Orders *
- One-time grant award of $2,500 with no repayment due (This is not a loan)
- Limited to one award per business entity
- Eligible grant uses: building rent; mortgage payments; utilities
Criteria for Eligible Businesses:
- Must be a registered business entity in good standing with the State of Maryland
- Have physical establishment within The City of Frederick
- Have no more than 15 Full-Time employees (as of March 1, 2020)
- Engaged in activities currently regulated or impacted by the COVID-19 Maryland’s State of Emergency and have a license/permit associated to that regulation
- Have no pre-existing tax liens or legal judgements
- Demonstrate a loss of business revenue of 50% or more related to COVID-19
- The following entities are NOT eligible:
- Home-based businesses
- Non-profit organizations
- Banks & financial institutions
- Investment real-estate entities
- Food trucks
- Government agencies
Application and Review:
- At this time the Department of Economic Development is no longer accepting applications.
- Applications will be processed on a first come, first serve basis – with five initial grants designated for each City business district (North, South, East, West, & Downtown) through April 15, 2020. After April 15, micro-grants will be awarded to eligible businesses in order of application submission, regardless of business location.
- Applications will be reviewed by the Department of Economic Development staff.
- This funding CAN be combined with other funding sources, tax credit programs, and state grant or loan programs.
- Awardees will be required to complete a disbursement form and must be able to produce receipts.
- Awardees will agree to report basic employment and business data for up to 2 years after the grant is issued so the program can track progress and success.
- Private donations to assist this program can be made through the Community Foundation’s Economic Development Fund.
- Awardees consent to be included in marketing and promotional materials.
Contact the Department of Economic Development at 301-600-6360 or at firstname.lastname@example.org for additional information.
* There are limited grant funds available. 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.