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The Washington State Department of Commerce has released $10 million in funding for a second round of emergency relief grants for small businesses. The grants, made possible by the Federal CARES Act, will not exceed $10,000 per business.
The grant award grants are taxable income.
The Department of Commerce lists the following eligibility requirements for qualifying businesses:
- Employ 20 or fewer employees
- Be licensed to do business in Washington State (find your UBI here)
- Provide proof that it has been impacted by COVID-19
If selected for an award, a successful business must be able to answer “yes” to the following questions:
- The expense is connected to the COVID-19 emergency.
- The expense is “necessary” to continue business operations.
- The expense is not filling a shortfall in government revenues (i.e. taxes, licenses, state, county, federal, and/or city fees).
- The business will self–attest that the expense is not funded by any other funder, whether private, state, or federal.
The Seattle Metro Chamber will be managing all grant applications for King County. Grants will be issued in amounts of $5,000, $7,000, and $10,000. King County has been awarded $580,000 in federal funding for small business grants, enough to fund awards for 60-115 businesses or organizations.
In July 2020 the Seattle Metro Chamber had the Greater Seattle Region Covid-19 Economic Impacts Analysis prepared. The chamber will utilize results from the report to assist in determining award recipients, prioritizing applications from the following categories:
- Minority and women-owned businesses
- Most impacted industries including: Hospitality and Tourism, Retail, Air Travel, and Aerospace Industries
- Most impacted cities
- The business is within King County.
- The non-profit business service organization that is a 501 (c)(6) within King County. (non-profit business service organizations may have over 20 full-time-employees and still be eligible).
- Your business has been in operation for over a year starting from March 1, 2019.
- The expenses funds must be connected to the COVID-19 emergency and incurred March 1, 2020 through November 15, 2020.
- Your business has not been debarred by the federal government.
- You have received $5,000 or less from the Working Washington Small Business Emergency Grant (WWSBEG). Businesses that received funds greater than $5,000 from the WWSBEG are not eligible.
Grant applications must be turned in by Monday, September 28 at 5:00 pm. Grant recipients will be notified via email on Tuesday, October 6.
Small businesses in Pierce County will apply for grants with The Economic Development Board for Tacoma-Pierce County. Emergency grants for $5,000 each for businesses. Pierce County received $490,000 for small businesses.
Additional requirements provided by The Economic Development Board for Tacoma-Pierce County are:
- Must be a Pierce County business (home-based businesses not applicable).
- Are allowed to do business in Washington State, and who are not Federally debarred https://www.sam.gov/SAM).
- Must be a for-profit business.
- Have no affiliation with local government.
- Must be in business since March 16, 2019.
- Must submit a valid W-9.
- Grant recipients are required to enter into a Grant Agreement with the EDB.
Applications will close on Sunday, September 20, at 5:00 pm. For additional questions, email [email protected]