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Small Business Assistance Bill

Wednesday, April 18, 2012

Small Business Assistance Bill Passes Council

The bill would give support to small businesses adversely affected by county redevelopment projects.

County redevelopment sometimes spells doom for local small businesses who cannot financially handle the disruptions that often come with construction projects: redirected traffic patterns or traffic congestion, loss of parking, lack of visibility to passing customers, hampered pedestrian access, and more. If these businesses are to survive, they need some help. That’s the thinking behind the small business assistance bill that passed the Montgomery County Council Tuesday morning with a unanimous vote. The businesses, if they are located in an enterprise zone or an urban renewal area, can receive grants from a fund managed by the Department of Economic Development up to a year before construction starts. "It's not going to be a panacea," …

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