Gov. Jay Inslee announced an additional $70 million for business grants. $50 million of this is for Round 3 of the Working Washington Small Business grants. The remainder will go towards funding qualified businesses that applied in earlier rounds of our resiliency grant program.
The maximum award grant will be up to $20,000. The grant can only cover expenses or costs incurred due to COVID-19 and that were necessary to continue business operations.
These grants are prioritized for:
- Small businesses with annual revenues of $5 million or less in 2019 AND businesses in the sectors that are most impacted by the recent public health measures or sectors that have experienced significant, cumulative impacts. Examples include full-service restaurants, fitness centers, bowling alleys, and music and event venues.
- Certain nonprofits may also be eligible if they have a primary business activity that falls into a similar category as noted above. Example – a nonprofit full-service restaurant or nonprofit music venue.
- If Commerce is able to fund all the eligible applicants from the priority pool, and funds remain, we may be able to provide grants to additional businesses or nonprofits from other sectors or who have annual revenues larger than $5 million.
Priority will be given to applications received by Dec. 11, 2020. If Commerce is able to fund all the applicants who submit by that time, we may be able to consider applicants who submit after the 11th.
Visit StartUp Washington for more details and to apply.