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City presenters propose converting ARPA small-business loans into $2.2M grant program; council seeks documents
Summary
City presenters outlined a retooled ARPA-funded small-business program that would convert prior loan arrangements into grants across five tracks and project about $2.2 million in awards; council members asked for original contracts and said they want county coordination and clearer documentation.
Montgomery City Council work-session presenters outlined a restructured ARPA-funded small‑business program that would convert previously planned loans into grants and deliver what the presenters said would be roughly $2.2 million in awards to local businesses.
At the session, Frank Robinson introduced the plan and invited Robin Booth of Booth Management Consulting to explain program details: eligibility (one business per owner, businesses with roughly 1–50 employees and under $5 million in annual revenue), five grant tracks (capital improvements, relocation assistance, incubator support, payroll, and rent assistance), and a reimbursement-based process with…
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