The state Division of Commerce on Dec. 31 introduced that over 7,800 small companies will obtain a Working Washington grant.
Gov. Jay Inslee introduced the brand new spherical of enterprise help in November and authorized $100 million for the grants.
Public well being measures have disproportionately impacted sure industries akin to full-service eating places, health facilities and indoor leisure venues like bowling alleys. This current spherical of grant funding prioritized small companies in these sectors and which have lower than $5 million in annual income, in response to a state Division of Commerce information launch.
Commerce awarded roughly 7,200 companies a $12,500 grant. As well as, it awarded $4,500 to roughly 630 companies that obtained a current $8,000 enterprise resiliency grant and occurred to additionally meet the precedence standards for the Working Washington grant. This ensured resiliency grant recipients obtained the identical funding quantity they might have obtained had they utilized for a Working Washington grant.
Commerce launched the Working Washington Spherical 3 utility portal on Dec. 2 and obtained greater than 28,000 functions by Dec. 16. Commerce was in a position to fund all eligible companies inside the precedence sectors. The most important share of grants – greater than half – went to full-service eating places. Health facilities adopted as the subsequent largest class. Grants are going to companies from each county within the state. Commerce is making ready a extra detailed overview of the grant distribution to be posted on-line subsequent month.
“The financial impacts of the pandemic are felt far and large, there’s little doubt. And whereas some industries have been in a position to pivot their operations and proceed to usher in sufficient income to remain afloat, these choices aren’t obtainable for a lot of others,” mentioned Lisa Brown, Commerce director. “Small companies are the heartbeat of our native communities and our state economic system. All through the nation and in each a part of our state, small companies are struggling. We admire the governor offering this unprecedented stage of grant funding, and hope the state Legislature and Congress proceed to make enterprise assist a precedence within the coming weeks.”
Small companies that utilized ought to examine their electronic mail for notifications. Commerce is working to distribute funds to companies as quickly as doable and may course of funds inside a number of days of receiving ultimate documentation from enterprise house owners.
The 2 earlier Working Washington grant rounds have been for $10 million every, making this third $100 million grant spherical the biggest so far. Roughly 1,400 companies obtained Spherical 1 awards and 1,570 companies obtained Spherical 2 awards.