June 1st, 2020 by WCBC Radio
The Allegany County Board of Commissioners announced Thursday that the county is continuing to award grants to small businesses impacted by the coronavirus threat. Titled the COVID-19 Small Business Assistance Fund, the program makes available $2,500 grants to qualifying small businesses with no repayment. To be eligible for a grant, the businesses must have a physical address in Allegany County and be in good standing with the state of Maryland. The business must have no more than 15 full-time employees as of March 1 and demonstrate a revenue loss of 50% related to the virus. The applicants cannot be home-based businesses, churches or religious institutions, banks or financial institutions, real estate entities or government agencies. Commissioners President Jake Shade, during the most recent county meeting, said there has been a great response to the program…
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