City of SeaTac launches $350,000 economic recovery Emergency Relief Grant Program for local small businesses
information from the City of SeaTac
The City of SeaTac is supporting the business community adversely effected by COVID-19 by launching an economic recovery grant program for small local businesses.
On July 14, at its Regular Council Meeting, the SeaTac City Council approved up to $350,000 in funding for the administration and distribution of grants to small businesses. The new grant program is designed to support local merchants who have experienced economic interruptions causing hardship and significant loss of revenue due to the COVID-19 pandemic and related closures. Federal CARES Act funds are distributed to cities through the State of Washington and King County. One of the eligible uses is provision of economic support and grants to small businesses. Grants will be available for up to $2,500.
Key Eligibility Requirements
- Have no more than 15 full-time employees pre-COVID-19, January 1, 2020
- Have been in business for at least three years as of June 30, 2020
- Have gross revenues of $1.5 million or less per year
- Domiciled in SeaTac with a physical SeaTac business address & possess a SeaTac Business License as of March 1, 2020
- Be current on all city business licensing, and not delinquent in payment of taxes or fees owned to the City of SeaTac as of December 31, 2019
- If closed due government mandates, intend to reopen when allowed under Washington’s Safe Start plan and other government mandates
- Home occupation businesses operated from the owner’s primary residence may qualify if the residence is physically located in SeaTac city limits and the business must be the primary source of income for the owner, although priority will be given to “brick and mortar” businesses serving the broader public
- Must be engaged in a type of business eligible to receive funding by the U.S. Small Business Administration
- Must be a for-profit business negatively impacted by COVID-19
Grant applications will open on Friday, July 24 at 12 PM through Friday, August 7 at 4 PM with the possibility of the program being extended depending on grant funds availability and demand. Grant information can be found on the City’s website at www.seatacwa.gov/C19-business-grants.
In April, Governor lnslee announced the award of nearly $300 million to local governments across Washington from the state’s allocation of the CARES Act federal funding. The amount the City of SeaTac received was determined by population. The City was allocated approximately $785,000 in federal funding to help the City with reimbursable costs incurred in response to the COVID-19 public health impacts. City Manager Carl Cole recommended designating up to $350,000 or nearly 45% of the fund grants for SeaTac small businesses negatively impacted by the COVID-19 crisis and business interruptions. The remaining dollars are being used to help support City Operations, Services and Programs adversely effected by COVID-19.