Commerce department sends $123.4 million to over 8,200 small businesses

MONTANA – The Montana Department of Commerce announced last week that more than 8,200 small businesses in Montana have now received $123.4 million through Governor Steve Bullock’s Business Stabilization Program, funded by the Coronavirus Relief Fund.

First launched in May, small businesses based in Montana with fewer than 50 employees that have experienced a loss in revenue due to the pandemic were eligible for grants of up to $10,000 or three-months of working capital, whichever was less. Governor Bullock announced last week that the program would expand to provide a second grant to all 8,237...