Breaking News COVID-19 Funding Update

BREAKING NEWS - April 23, 2020

Congress Approves More SBA Emergency Funds

Congress has passed a new stimulus package that includes $310 billion to replenish the Paycheck Protection Program, $60 billion for the Economic Injury Disaster Loan (EIDL) program, and $75 billion for hospitals and health-care providers. Read more >

MCEDC resources include detailed PPP Guidance, EIDL Guidance, and this webinar with Harbor Bank, which is still accepting applications from existing and new customers. You can find more materials, including other banks taking new clients for PPP loans, here on our resource page.

County Has More than 6,200 Applicants for PHEG Program; Will Stop Accepting Applications

Montgomery County’s Public Health Emergency Grant (PHEG) program, which was created to help businesses that have demonstrated significant losses due to the COVID-19 health crisis, will stop accepting applications at 5 p.m. on Saturday, April 25.

Since April 15, more than 6,200 applications have been submitted and reviews of the applications are underway.......... Read more >