Round 3 of biz grants now available

OLYMPIA – Additional funding from Gov. Jay Inslee for businesses hurt by COVID-19 means the state can begin a third round of Working Washington business grants. A total of $50 million is dedicated to that grant. An additional $20 million will go toward funding all qualified businesses that applied in earlier rounds of the program. Businesses that applied for a resiliency grant earlier will not need to take any additional action.

The maximum grant award is for $20,000. The application portal and additional information is posted at www.commerce.wa.gov/bizgrants. Priority will be given to applications received by Dec. 10.

Eligible businesses are those with revenues of no more than $5 million in 2019 that are in sectors most impacted by the recent public health measures. 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, such as nonprofit restaurants or music venues.

If the Department of Commerce is able to fund all the eligible applicants from the priority pool with money left over, grants could be provided to additional nonprofits and businesses from other sectors or those with revenues larger than the maximum.

The grant can only be spent for expenses or costs that have been incurred due to COVID-19 and that were necessary to continue business operations.