The Montgomery County Microenterprise Grant Program (MCMGP), administered by the Montgomery County Business Development Center (MCBDC), is now accepting applications from businesses with five or fewer employees.
Donor Name: Montgomery County
State: New York
County: Montgomery County (NY)
Type of Grant: Grant
Deadline:05/01/2025
Size of the Grant: $10,000 to $100,000
Grant Duration: Less than 1 Year
Details:
The Montgomery County Microenterprise Grant Program (MCMGP) will provide grants to eligible entrepreneurs and business owners that want to establish or expand an existing business located within Montgomery County, Special attention shall be given to assisting businesses owned/operated by or employing a significant number of persons of low and moderate income, minority and women owned businesses, and businesses owned or operated by Returning Veterans.
Funding Information
Grant funds will range from $5,000 to $35,000.
Grant Period
Grant amount awarded must be spent within 6 months.
Uses of Funds
- MCMGP funds must be justified and be used directly by the applicant to purchase capital goods, including machinery, furniture, fixtures, and equipment; and/or to provide working capital to support operations.
- MCMGP funds may NOT be used to purchase real estate, repay existing debt, undertake building façade or building interior renovations, or to make any investments or payments that are outside the scope of the business. (Applicants are encouraged to contact MCBDC to determine the eligibility of proposed expenses.)
- Applicants must provide bids or quotes as part of their application for any proposed goods and services that will be purchased with grant funds.
Eligibility Criteria
- Applicants may be sole proprietors, partnerships, or corporations. Applicants must be new or existing commercial enterprises with five or fewer employees, one or more of which must be the principal(s) and own the enterprise at the time of application.
- Applicants planned or existing business operations must be located within the boundaries of Montgomery County.
- All applicants, independent of existing skills and experiences, must complete the mandatory Entrepreneurial Training Workshop which will take place during the month of May of 2025 at the Montgomery County Business Development Center. The program will consist of four 1-2 hour workshops. Awardees will have to pay $100 for the training. If you took this course in 2024 and supply us with the certificate, you will not need to take the course.
- Applicants must be able to fulfill the 15% owner cash equity contribution for the proposed project as further defined below under Amounts and Terms.
- Preference will be given to projects that maximize “leverage” by taking advantage of other grant and loan programs within the County.
- Preference will be given to projects/ businesses that offer internships, job-shadowing, or apprenticeship opportunities.
- Preference will be given to projects/ businesses resulting in job creation, as well as Veteran Owned and MWBE businesses.
- Preference will be given to applicants that have not received a grant in the last two microenterprise grant cycles.
- Businesses receiving funding must create at least one new job offered to or made available to persons from low-to-moderate-income (LMI) families OR be owned by a person defined as LMI. If owned by more than one individual, a majority of owners must qualify.
For more information, visit Montgomery County.
