Montgomery, Ala. – July 16, 2020 – Today, the Recover Together Small Business Relief Fund announced that it has approved another $105,000 in additional grant awards for 32 local small businesses as part of its fourth round of grant funding. These grants bring the total amount awarded through the fund to over $345,000, which has provided direct relief to 107 businesses so far. The purpose of the Small Business Relief Fund is to provide working capital to local small businesses as they work to continue or resume operations following COVID-19-related impacts.
During the application window of June 1st to June 15th, the Small Businesses Relief Fund received over 650 applications for assistance, representing nearly $1.9 million need. It is the goal of the Small Business Relief Fund to provide assistance to as many local businesses as possible. The Small Business Relief Fund will continue to make grant awards to its existing list of applicants as funds remain available and as new funds are received. The fund is continuing to accept donations as it works to e to continue to assist our business community as Montgomery works to recover from the COVID-19 crisis.
To contribute to the Small Business Relief Fund, visit www.recovermgm.com or make check payable to the Montgomery Area Chamber of Commerce Foundation. If contributing via check, please denote that your donation is meant for the Small Business Relief Fund in the memo line. Contributions are tax deductible.
“Our committee continues to be astounded and deeply encouraged by the generosity of the community and the public partners who have led in this effort,” says Chamber Foundation Chairman Willie Durham. “This has given us a chance to build relationships and better understand the needs of our small and minority business community that will inform how we all continue to work together to make Montgomery a place where small business flourishes.”
The Small Business Relief Fund is one of several initiatives resulting from the collaborative efforts of Mayor Steven L. Reed’s Economic Impact Task Force, which is co-chaired by Montgomery County Commission Chairman Elton Dean and City Council President Charles Jinright. Like the Recover Together Small Business Hub, launched on April 29, the Small Business Relief Fund provides an avenue for multiple community partners to work together to support Montgomery’s small businesses during these difficult and uncertain times. Small businesses in need of direct assistance may contact the hub at any time by calling 334-226-7529 or visiting www.recovermgm.com.
For more information about growing a business in Montgomery, visit www.montgomerychamber.com.
Editor’s Note: For video content supporting the Recover Together Campaign and Small Business Relief Fund, visit https://bit.ly/RecoverTogethervids.
Montgomery Area Chamber of Commerce