My friends, neighbors, fellow small farmers and small business owners there is assistance coming our way from not only Pierce County, but Washington State and the Federal Government. This is good news. Many of you may know I’ve been a solo small business owner for 25 years. I’m also Vice Chair of the Small Business Caucus and am excited that the Pierce County Council has provided funding of $640,000 specifically for our Unincorporated area small businesses with no more than 10 employees and operational for more than a year with at least 25% reduction in revenues attributed to COVID-19 pandemic. Information and applications are available through the link on the Pierce County Economic Development Department webpage.
(Be advised that other businesses located in the cities and towns may opt for the help from the State and Federal Government or seek business assistance from city you reside in.)
State of Washington: The governor has allocated up to $5 million in funds to create the Working Washington Small Business Emergency Grant program using a portion of the state’s Strategic Reserve Fund. A limited number of grants (up to $10,000) are available to small businesses with up to 10 employees.
Federal Government- Small Business Administration: The recently enacted CARES Act contains $376 billion in relief for American workers and small businesses. It includes SBA Loan and debt relief options known as Paycheck Protection Program. This program provides loans which will be 100% guaranteed by the SBA and the full principal amount of the loans may qualify for loan forgiveness. The earlier you apply the better.