Montgomery, Ala. – June 15, 2020 – Today, the Recover Together Small Business Relief Fund announced that it has approved an additional $150,000 in grant awards for 46 additional local small businesses as part of its second round of grant funding. These round 2 grant awards bring the total amount of grants awarded through the fund to over $200,000, which is providing direct relief to 68 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.
Applications for the Small Business Relief Fund closed today. During the application window of June 1 to June 15, the Small Businesses Relief Fund experienced an overwhelming demand for relief with over 600 applications received, representing nearly $4 million in total grants requested. 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 provide relief to as many local businesses as possible.
To contribute to the Small Business Relief Fund, visit www.recovermgm.com or make checks 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.
“We are so appreciative of the amazing support we have received so far from businesses and individuals in an effort to support these small businesses that anchor our community,” says Chamber Foundation Chairman Willie Durham. “While applications have closed for the fund, if you have already applied, please know that we will continue to award grants for as long as funds are available, and we continue to gratefully accept donations online, by mail or in person.”
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