Small Business Assistance Program Surpasses $1 Million Distributed in Helping Wheaton Businesses

Wheaton revitalization project

Montgomery County’s Small Business Assistance Program, which was created to provide technical and financial assistance to qualified Downtown Wheaton businesses during the three-year Wheaton Revitalization construction project, reached another milestone recently as it has distributed $1,022,287 to 23 businesses since the inception of the program. An additional $2,572 is approved for disbursement to two businesses in the near future.

More than 90 businesses in the “Wheaton Triangle” area surround a future, 14-story office building and an adjacent town square. Most have remained open during construction that began in June 2017. Those impacted by the construction have had the opportunity to apply for this innovative form of help from the County to stabilize their businesses. The building will be owned by the Maryland-National Capital Park and Planning Commission (M-NCPPC), which is relocating from Downtown Silver Spring. The additional office tenants will be County Government departments.

The project, which is overseen by the County’s Department of Transportation, is 90 percent complete and is on schedule to be close to completion in May 2020. Construction of the town square is 75 percent complete and construction of the amphitheater terracing has started.

The main occupant of the new building will be the relocated M-NCPPC. The 308,000 square-foot building seeks LEED platinum certification. Several departments including Permitting Services, Environmental Protection, Health and Human Services, Recreation and Community Use of Public Facilities will call the new facility home. In addition, relocating to the new building will be the Wheaton Urban District and the Mid-County Regional Services office.

More information about the Small Business Assistance Program and the Wheaton Revitalization Project is available at here.