— Micro Businesses of Five or Fewer Employees, Including Owners, Eligible for Grants of Up to $10,000 Each —
TACOMA, Wash. — In an effort to mitigate the negative economic impacts of COVID-19 on Tacoma’s micro businesses, defined as five or fewer employees including owners, the City of Tacoma’s Community and Economic Development Department has established a COVID-19 Revitalization Grant Program. The application period ends October 23, 2020 at 5 PM.
“Tacoma is a city powered by the spirit of entrepreneurship,” said Tacoma Mayor Victoria Woodards. “In addition to adding jobs and powering up our local economy, small businesses are a vital part of the unique character of our community. At the same time, Tacoma’s smallest businesses are also most vulnerable to the economic threats of COVID-19. Supporting micro businesses is an important way that we can strengthen Tacoma’s resiliency and work together to diminish any long-term impacts of the pandemic on our local economy.”
Micro businesses must be located within Tacoma city limits, with a current business license, and have been operating for at least a year as of March 16, 2020. The majority owner must have a household income of no more than 80 percent of area median income and they must be able demonstrate that they have experienced a loss of income due to COVID-19. Some home-based micro businesses may qualify if they are located within lower economic opportunity areas in Tacoma.
Fifty micro businesses will be selected for $10,000 grants from all qualified applications submitted by the application deadline via a lottery method.
There is no cost to submit an application.
Application details are on makeittacoma.com. Questions regarding this program may be directed to Shari Hart at firstname.lastname@example.org or (253) 591-5208.
As the situation evolves, general information about the City’s response to COVID-19 will be posted on the “What’s Going On” section of the City’s website. Information about COVID-19 is available at TPCHD.org/coronavirus.