Recover Together Small Business Relief Fund Announces Fifth Round of Grant Recipients

MONTGOMERY, Ala., August 14, 2020 – Today the Recover Together Small Business Relief Fund announced that it has approved a fifth round of grant funding, which will provide another $101,275 in grant awards to 30 additional local small businesses in Montgomery. These grants bring the total amount awarded through the fund to over $445,000, which has provided direct relief to 135 businesses since its creation in May. 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.
 
Between June 1 to June 15, the Small Businesses Relief Fund received over 650 applications for financial assistance, which totaled nearly $1.9 million. The Small Business Relief Fund has continued to offer one-time grants to its existing list of eligible applicants using available funds, provided through the generosity of Montgomery’s corporate and philanthropic community, local government support and the engagement of individual Montgomerians. As a result of this overwhelming demand for grant funding, the Small Business Relief Fund cannot guarantee that all eligible applicants will receive immediate assistance but will work to help as many businesses as possible during this recovery period.
 
“Our businesses are the lifeblood of our community and we hope that funds received through this effort will help Montgomery’s small businesses during this unprecedented time,” says Chamber Foundation Chairman Willie Durham. “In addition to making funds available through the Small Business Relief Fund, the community partners  will also work to provide information and additional resources to our applicants and encourage them to take advantage of our Recover Together Small Business Hub as we all work to weather this storm.”
 
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.
  About Montgomery
Situated on the banks of the Alabama River, Montgomery is the capital and the second largest city in the state of Alabama. Established in 1819, Montgomery has been the site of major historic events which have shaped the history of the United States. Emerging from its agricultural roots in the 19th century, Montgomery transformed from the Cradle of the Confederacy to the birth place of the Civil Rights Movement in less than a century. Today, this vibrant river town is experiencing a resurgence which has seen its downtown revitalized and has reestablished itself as a landmark Deep South destination.  Montgomery Regional Airport (MGM) offers non-stop flights on Delta Airlines and American Airlines. For more information, call 334-261-1100 or visit the official website of the Montgomery Convention and Visitor Bureau at http://www.visitingmontgomery.com.  Stay connected with Montgomery on Twitter (@MGMCapitalCool) and Facebook (https://www.facebook.com/MGMCapitalCool).
 
Media Contacts:
Meg Lewis
Montgomery Area Chamber of Commerce
mlewis@montgomerychamber.com