Today, Allegany County Government announced the award of emergency funding for the county’s small business community created by the Allegany County Commissioners at their March 26, 2020 business meeting. The Commissioners approved funding so that businesses could have immediate funding to pay rent, mortgages, or utility costs while they were awaiting state and/or federal funding.
“Through this program, we were looking to rapidly assist businesses in keeping the lights on and their rent or mortgage paid,” commented Commission President Jake Shade. “This money was to act as a bridge between the here and now and when the state and federal funding began to flow.”
Within days of launching the program, nearly 170 local businesses applied for up to $2,500 in grant funding. The first round of funding was mailed to businesses late last week with the remaining being mailed out to recipients this week. In total, the Commissioners were able to access over $100,000 in emergency funds for the program. In all, 86 local businesses representing approximately 51% of the total applicants will receive funds for their immediate building or utility costs.
“We were able to stretch the dollars in order to provide the maximum benefit to these businesses,” added Shade.
The 86 funded businesses employ 630 employees (230 full-time and 400 part-time). Of the 86 businesses:
- 32 were local food service establishments / restaurants
- 18 retail establishments
- 22 service-related businesses
- 4 medical-related businesses
- 10 tourism supporting / experience driven businesses
For more information on local, state, and federal resources regarding COVID-19, please visit http://resources.inallegany.org.