1. WHAT'S HAPPENING IN BROOKVILLE

General Motors officially announces construction for a new 251,000 sq. ft. facility to be built in Brookville! (Click the picture to read the full article!)

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September 2020

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Montgomery County CARES Act Grant Program
In June, Montgomery County will launch a new financial assistance program to help small businesses that experienced losses due to the Coronavirus pandemic.

The Montgomery County Office of CARES Act has allocated $40 million in federal stimulus funds to create grants that will help small businesses affected by the pandemic. If you want to be notified when online grant applications are available, click here to sign up for email alerts.

Additional CARES Act funding programs are being created to help education, agriculture, and healthcare industries, as well as to provide housing and rental assistance to individuals and families. Be sure you click “Sign Up” to get updates as these various programs are developed.
We look forward to supporting our small business owners as we all work to recover from the pandemic and create a brighter future.


USDA Offers New Loan Program for Rural Businesses
On May 22, the U.S. Secretary of Agriculture announced the Rural Business-Cooperative Service is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA Business & Industry (B&I) CARES Act Program provisions included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

In addition to expanding eligibility to certain agricultural producers, the changes will allow USDA to:

  • Provide 90% guarantees on B&I CARES Act Program loans;
  • Set the application and guarantee fee at 2% of the loan;
  • Accept appraisals completed within 2 years of the loan application date;
  • Not require discounting of collateral for working capital loans; and
  • Extend the maximum term for working capital loans to 10 years.

B&I CARES Act Program loans must be used as working capital to prevent, prepare for or respond to the effects of the pandemic. The loans may be used only to support rural businesses, including agricultural producers, that were in operation on February 15, 2020. USDA announced the expanded B&I authorities in a notice published in the May 22 Federal Register (p. 31035). USDA is developing application guides for lenders and borrowers on the B&I CARES Act Program.

USDA intends to consider applications in the order they are received. However, the Department may assign priority points to projects if the demand for funds exceeds availability. The Department will begin accepting applications for B&I loan guarantees on May 22. Applications must be received no later than midnight Eastern Daylight Time on June 22, 2020, or until the funds are expended. The program funding expires September 30, 2021.

USDA will host a webinar to provide an overview of program requirements, as follows:

  • Wednesday, June 3, 2:00 pm Eastern Time. Register.

Eligible applicants may contact their local USDA Rural Development State Office. USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural areas. Click here for more information on USDA-RD.

DO YOU OWN A BUSINESS AND HAVE QUESTIONS ABOUT THE PAYCHECK PROTECTION PROGRAM?

The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act). This document will be updated on a regular basis.

For a list of frequently asked questions about the Paycheck Protection Program, click here

  1. Jim Snedeker

    Economic Development/Zoning
    Phone: 937-833-2135 Ext: 105

SMALL BUSINESS ADMINISTRATION OFFERS RELIEF AMID HEALTH CRISIS

We know you are facing challenging times in this current health crisis. The U.S. Small Business Administration is committed to help bring relief to small businesses and nonprofit organizations suffering because of the Coronavirus (COVID-19) pandemic. On March 27, 2020, President Trump signed into law the CARES Act, which provided additional assistance for small business owners and non-profits, including the opportunity to get up to a $10,000 Advance on an Economic Injury Disaster Loan (EIDL). This Advance may be available even if your EIDL application was declined or is still pending, and will be forgiven. If you wish to apply for the Advance on your EIDL, please visit https://www/sba.gov as soon as possible to fill out a new, streamlined application. In order to qualify for the Advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing application. Also, we encourage you to subscribe to our email updates via www.sba.gov/Updates and follow us on Twitter at @SBAgov for the latest news on available SBA resources and services. If you need additional assistance, you can find your local SBA office and resource partners at https://www/sba/gov/local-assistance/find/ If you have questions, you may also call 1-800-659-2955.

New Businesses in Brookville

  • Amelle Photography - 201 Market Street
  • Adams Automotive - 501 Westbrook Road
  • Old Hickory Restaurant - 302 Market Street
  • Reed's Pharmacy - 428 N. Wolf Creek Street
  • Take Me Traveling - 222 Market Street
  • The Sugar Shoppe - 209 Market Street
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Completed Major Projects

Check out the new 2019 City of Brookville Map 

City of Brookville 2019 Map