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Montgomery County approves amendment to ARPA small‑business subrecipient agreement with HOPE
Summary
The commission approved changes to the HOPE Enterprise ARPA subrecipient agreement to clarify who qualifies as 'Beneficiaries' and to refine program eligibility, reporting and grant terms for the MontgomeryThrive small business support initiative.
The Montgomery County Commission on March 18 approved a written amendment to the county’s ARPA subrecipient contract with Hope Enterprise Corporation, refining eligibility and beneficiary language for the MontgomeryThrive Small Business Support Program.
The amendment updates Attachment A (Program Eligibility) to refer to recipients of program credit enhancement funds as "Beneficiaries," adds a requirement that beneficiaries certify funds will not duplicate other aid, and clarifies terms tied to forgivable loan conditions and reporting. County materials filed…
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