Bill No.
6-12
Concerning: Economic Development ­
Small Business Assistance
Revised: April
11 2012
Draft No.
--...:6:.-_
Introduced:
February
7,2012
Enacted:
April
17, 2012
Executive:
April
26, 2012
Effective:
July
26,2012
Sunset Date:
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_ _ _--:-:__
Ch.
_6_.
Laws of Mont. Co.
2012
!
COUNTY COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
By: Council Vice President Navarro, Councilmembers Ervin, Floreen, Leventhal, Council President
Berliner and Councilmember Riemer
AN
ACT to:
(1)
establish a program to assist certain small businesses located in the County who are
adversely impacted by a County redevelopment project or a redevelopment project
located on County property;
provide technical assistance and training to a small business who receives financial
assistance from the Economic Development Fund;
authorize fmancial assistance to certain small businesses from the Economic
Development Fund; and
generally amend the economic development laws.
(2)
(3)
(4)
By adding
Montgomery County Code
Chapter 20. Finance
Section 20-76B
Boldface
Underlining
[Single boldface brackets]
Double undJIDiniQg
[[Double boldface brackets]]
* * *
Heading or defined term.
Added to existing law by original bill.
Deletedfrom existing law by original bill.
Added by amendment.
Deletedfrom existing law or the bill by amendment.
Existing law unqffected by bill.
The County Council for Montgomery County, Maryland approves the following Act:
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BILL
No. 6-12
1
Sec. 1. Sections 20-76B is added as follows:
20-76B.
@}
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Small Business Assistance Program.
Definitions.
As used
in
this Section:
Adverse impact
means
~
loss of revenue resulting from
~
redevelopment
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project.
Director
means the Director of the Department of Economic
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Development.
Enterprise zone
means an area designated under Maryland Code,
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Economic Development Article, Section 5-704 or any successor
provIsIon.
Fund
means the Economic Development Fund established in Section
20-73.
Program
means the Small Business Assistance Program.
Redevelopment
project
means
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any
construction,
alteration,
or
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improvement in an urban renewal area or enterprise zone where the
existing land use is commercial or industrial and is:
ill
ill
located on property owned
Qy
the County; or
financed in whole or part
Qy
the County.
~
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Small business
means
privately owned business that meets the
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21
requirements of Section IlB-65(a).
Technical assistance
means training directly related to operating
~
small
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business provided
Qy
an educational institution or
organization approved
Qy
the Director.
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non-profit
Urban renewal area
means an area of the County as defined in Section
56-9(f).
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ilil
Establishment
gf
Program.
Subject to appropriation, the Director must
create and administer
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Small Business Assistance Program to assist
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BILL
No.
6-12
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small businesses who are adversely impacted
Qy
project.
~
redevelopment
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ill
Eligibility.
The Director, based upon information submitted
Qy
the
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applicant for assistance, must find that:
ill
the applicant is the owner of an existing small business located
near an ongoing or future redevelopment project that is planned
to begin f-onstruction in less than [[24]]
application;
1~
months after the
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ill
the applicant's small business is currently or is likely tQ be
adversely impacted
Qy
the redevelopment project; and
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ill
@
the applicant's small business is financially healthy and likely to
continue operating for the foreseeable future.
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Conditions.
The Director may impose reasonable conditions on
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small
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business, including the successful completion of approved technical
assistance training, in order to receive financial assistance from the
Fund under the Program.
.@l
Financial assistance.
The Director may award
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grant or loan from the
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Fund to an eligible small business under the Program. [[A loan or grant
to
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small business that exceeds $100,000 cumulatively must be
approved
Qy
the Council.]]
ill
Regulations.
The Executive must adopt method 2 regulations to
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implement this Section. The regulations must:
ill
ill
require the Director to compile and maintain
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list of approved
technical training courses on the appropriate website;
specify the application procedures and eligibility criteria for
grant or loan to
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small business under
th~
Program;
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BILL
No.
6-12
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ill
specify conditions that the Director may impose on
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small
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business
in
order to receive fmancial assistance from the Fund
under the Program;
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ill
ill
(Q)
define what constitutes an adverse impact on
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small business;
define what constitutes fmancial health of
~
small business; and
identify outreach methods and marketing strategies to infonn
local small businesses of the program.
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(g)
Reports.
On or before March
11
of each year, the Executive must report
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to the Council on the activities of the Program.
include:
The report must
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the number of small businesses participating in the Program;
the number and dollar amount of grants and loans made; and
an evaluation of the impact of each grant or loan on the operation
ofthe small business.
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Approved:
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Approved:
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This is a correct copy ofCouncil action.
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Linda M. Lauer, Clerk ofthe Council
Date
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