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The Montrose City Council has approved three specific initiatives to aid small businesses that have been forced to close or have suffered substantial economic hardship as a result of COVID-19.
Beginning immediately, businesses with less than $2 million in gross annual sales will have the option to delay city sales tax remittance for a 90-day period. The city estimates this move will keep approximately $3 million in the hands of area business owners who are trying to navigate through this difficult time. Businesses must continue to report sales tax information during the deferral period. The 90-day period can be extended by direction of the council.
Contact Becky Scriffiny at bscriffiny@cityofmontrose.org for details.
The City Council has approved a $300,000 fund dedicated to providing small businesses with zero-percent loans and no repayment for at least 12 months. These loans of up to $5,000 per applicant are designed to assist businesses forced to close by state mandate or who have suffered significant financial loss due to COVID-19.
Small businesses can apply for funds to pay their fixed debt and provide for employees, rent, and other monthly expenses to make sure they can stay viable and reopen after the crisis is over.
- Small businesses severely impacted by COVID-19
- Up to $5,000 available per business
- 0% interest, no closing costs
- 12 months no-repayment
- Applications will be selected based on need
Complete the online application
Under the direction of the council, the city’s Office of Business and Tourism, OBT, is reallocating budgeted tourism and marketing funds to advertise on behalf of the small businesses that are still open in Montrose over the next several months. By using this service, businesses have the option to save their normal advertising dollars and put that money to use for other things like payroll, rent, and inventory.
The initiative will be a cooperative marketing effort involving teams of three businesses that apply for a quick-turnaround marketing grant and then market together. The city, through OBT, will provide up to $1000 per business group to qualified applicants. Marketing can be in the form of radio, print, video, social media or a combination thereof.
- Three businesses must work together
- City of Montrose will pay up to $1,000 of marketing expense for campaign that includes three businesses
- Limited graphic design available
- Applications will be selected on need and ability to work together as a business community
Events that will occur every week until the emergency is over:
Fridays-Montrose Dines-In (With Take-Out) Night
- Facebook event
- Encourages locals to get take-out or delivery on Friday nights
- Gives restaurants a way to advertise
Saturdays- Montrose Buys Local
- Facebook event
- Encourage locals to buy one product or service or a gift card from a local business every Saturday
- Encourage over the phone payments or online ordering
- Helps local retailers advertise
We are the Lunch Crowd
- Large local employers to work with local restaurants to order boxed lunches on a regular schedule
- City will participate on Tuesdays and Thursdays
- Work with restaurants to have a set menu with a set price to keep it simple
- Rotate with restaurants who are on the list
The city is marketing the above via print, radio, social and email media.