The Local Small Business Reserve Program
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In Montgomery County, we’ve responded aggressively to the current economic downturn to maintain the vitality of our local economy. In December 2008, I announced economic stimulus measures that included 11 action items to sustain and enhance the viability of the business community. Nearly 95% of Montgomery County’s companies are considered small businesses.Together, they are a strong and powerful engine that drives our economy.
The newly enacted Local Small Business Reserve Program (LSBRP) is one measure that will keep our economic engine running. Under this program, Montgomery County’s departments and agencies have made a commitment to allocate 20% of their purchases of goods and services for the small business community.
Passage of the Local Small Business Reserve Program (Bill 3-09) was the result of cooperation between my office, members of the County Council and stakeholders in the business community. It is gratifying that through collaboration we have come together to take a positive step towards ensuring our economic security.
Please take a few minutes to read the related information, and register if your business is eligible for the program.