On Tuesday, April 11, 2017, the Montgomery County Commissioners recognized several local businesses that have received MicroEnterprise Grants.
In the county’s “MCO Future” public meetings, the Commissioners were asked to create programs that helped small businesses grow. The MicroEnterprise Grant Program was developed in 2016 to assist small, for-profit companies in Montgomery County through grants ranging from $2,500 to $25,000. The program emphasizes socially and economically disadvantaged businesses and these funds deliver working capital that helps businesses grow.
Representatives from B63 Line, JP Machine & Tool and Third Perk attended the meeting and were recognized for their efforts in helping the region’s economy grow. Each of these local companies used the grant money to assist with facility improvements or equipment purchases that help them sustain and grow their business. In 2016, 16 businesses were awarded grants totaling $199,409.00 for similar initiatives and 13 of those companies are minority business enterprises, 12 of which are female owned. This year, up to an additional $500,000 has been re-capitalized for the 2017 MicroEnterprise program.
“Small businesses are the backbone of the Dayton region and these investments make it possible for small and disadvantaged businesses to get funding that they need to succeed, said County Commission President Dan Foley. “Montgomery County not only provides the funds for these projects, but also the guidance our entrepreneurs need through our Development Services Division and The Business Solutions Center. With additional funding available right now, this program can help small business grow in 2017.”
More information on the MicroEnterprise program can be found at MCOMicro.com or by contacting Tawana Jones at 937.225.5704.