More than 90 businesses in Wheaton that may be impacted by the construction of a new, 14-story Montgomery County office building and an adjacent town plaza will have an opportunity to receive an innovative form of help from the County to stabilize their businesses during the three-year construction period.
Montgomery County Executive Ike Leggett and the Montgomery County Council created a Small Business Assistance Program to provide technical and financial assistance to qualified Downtown Wheaton businesses who can demonstrate an adverse financial impact since construction began in June on the “Wheaton Town Plaza” project. The unique aspect of the County program will be that businesses owners will be eligible for financial assistance—up to a maximum of $75,000 over the construction period—for documented declines attributable to the project.
Businesses can apply for assistance to the County’s Department of Finance, which will oversee the program, starting Sept. 5. Applications will soon be available through the department’s website at www.montgomerycountymd.gov/finance.
More information is available in the press release at More than 90 businesses in area continue to operate during three-year construction project. More information on the plan to revitalize Downtown Wheaton can be found at wheatonproject.com.
