From the City of Seattle: “
To mitigate barriers to capital for Seattle’s most vulnerable businesses, the City of Seattle will commit approximately $1.5 million in one-time Community Development Block Grant (CDBG) funds to the Small Business Stabilization Fund, an emergency fund that provides working capital grants in amounts up to $10,000 to qualifying small businesses. The following is the investment criteria for financial support:
- The business owner must have a low- or moderate-income (≤80% of the Area Median Income).
- The business must have five employees or less.
- The business must have a physical establishment.
- The business must have experienced a loss of income due to COVID-19.
You may qualify for a grant of up to $10,000.