Back In Business Conditional Microgrant


As of 12:00 PM, October 16, 2020 -- The application window for the Back In Business Conditional Microgrant Program is closed.


As of 3:00 PM, October 8, 2020, The City of Frederick Department of Economic Development’s Back In Business Conditional Grant Program has re-opened its application portal with expanded eligibility requirements to assist additional local small businesses impacted by the economic challenges of COVID-19.  


Expanded program 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 

  • To be eligible, 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 still have to adhere to guidelines regarding allowable expenditures for which the grant award may be applied.

Complete Round Two program details below .... 

 

Program Overview: Round 2 

  • Initial Program funding is $255,000
  • Round Two applications will be accepted through an online portal from Thursday, October 8, 2020, 3:00 PM through Friday, October 16, 2020, noon.
  • Conditional grant awards will be announced by October 21, 2020. Disbursement of funds may take up to 15 business days from receipt of additional required documentation.
  • Any eligible small business may apply and City DED staff are available to assist with application process.  Disadvantaged Business Enterprises (DBE’s) are encouraged to apply.
  • These conditional GROW microgrant awards are not loans and have no repayment due provided program terms have been met.
  • All conditions must be met for grant disbursement.  Award recipients may be audited.
  • Conditional grant funds shall be used on the following items: 
    • Commercial rent or mortgage payments for the business location
    • Commercial equipment/supplies needed to address safe COVID19 operations 
    • Commercial utilities for the business location (such as water, sewer, electricity, etc.)
  • Conditional grant funds must be expended by December 30, 2020.
  • Conditional grant amounts are based on business size and will be awarded on a random lottery system from the pool of applicants.

Business with No Employees Microgrant ($30,000 for a total 30 Grants)

  • Sole business-owner with no employees 
  • Award amount = $1,000

Business with Employees Microgrant ($225,000)

  • Small businesses with 1 – 50 employees (calculated as Full Time Equivalents - FTE’s)
  • Award Amounts = $1,200 to $11,000 depending on number of FTE’s
    • Base award amount = $1,000
    • Additional award per employee = $200 (maximum add’l award of $10,000)
Examples:Business ABusiness BBusiness C
# of Employees1525
Base Award1,0001,0001,000
Additional Award (FTE x $200)2003,0005,000
Total Award
$1,200$4,000$6,000


Micro-Grant Conditions Eligibility:

  • Must have been an established business or non-profit entity in the City of Frederick prior to July 1, 2019
  • Must have a physical location in the City of Frederick at which 50% or more of business operations and employees are based.  
  • Must be open for business on or before July 1, 2020 unless Governor’s Executive Order prevented the business opening – ex. Theaters, etc.
  • Must be registered as a Business In Good Standing with the State of Maryland and be in good standing with Frederick County and the City of Frederick.
  • Must have no more than 50 employees (FTE’s) as of March 13, 2020
  • Must have experienced a revenue loss related to COVID-19 in July 2020 compared to July 2019.
  • Must only spend funds on eligible items 
  • Must provide DUNS # prior to grant award.
  • Must be registered on sam.gov and provide SAM’s # prior to award; must not be debarred or suspended by the Federal government.

The following entities are NOT eligible for this program:

  • Home-based businesses or food trucks
  • Banks & financial institutions
  • Government agencies
  • Investment real-estate entities

Application and Review:

    • Application for the program is available online only. 
    • Within the application, you will be offered the opportunity to input your email address to have a copy of your completed application form sent to you. The application platform also offers the ability to save a form in progress to complete the application later. Successfully completed applications will display a final confirmation page. If you do not reach a confirmation page, please contact the Department of Economic Development at business@cityoffrederickmd.gov.

Additional Information:  

  • Prior to disbursement of grant award, awardees will be required to sign Back In Business Grant Award Agreement Form, complete the Back in Business Expense Substantiation Form and produce receipts & proof of payment.  
  • Awardees consent to be included in marketing and promotional materials.  Awardees will agree to report basic employment and business data for up to 2 years after the grant is issued to help the program track progress & success.

Questions?

Contact the Department of Economic Development at 301-600-6362 or at business@cityoffrederickmd.gov for additional information.