NEWS RELEASE (KEDA)
For immediate release
Contact: Theresa Mangrum
360.377.9499, [email protected]
KEDA CARES New Emergency Grants Available to
Local Small Businesses
Up to $5,000 is available for Kitsap County businesses with up to 20 employees to support COVID-related response and recovery
(August 31, 2020 – SILVERDALE, WA) – ) The Kitsap Economic Development Alliance (KEDA) is launching a new grant program that will provide emergency grants up to $5,000 each for businesses in Kitsap County with 20 employees or fewer. Grant money can be used to assist with a variety of expenses related to the impact from COVID-19.
$245,000 of Federal CARES funds will be distributed by the Kitsap Economic Development Alliance to assist small businesses negatively impacted by COVID-19. Successful business applicants may receive up to $5,000 based upon eligible COVID-19 impacts as determined by a comparison of Q2 2019 Gross Revenue and Q2 2020 Gross Revenues. Every effort has been made to streamline the application process for small business applicants. An online application portal will be open from September 21st to September 30, 2020.
HOW THIS GRANT IS DIFFERENT:
- Businesses with up to 20 employees (FTE) are eligible
- Sole Proprietors & Home-based businesses allowed
- Applicants are NOT required to submit receipts – Businesses WILL be required to provide a detailed explanation describing how funds will be used to help the business
- Receipt of EIDL/EIDG and PPP do NOT disqualify businesses, but priority will be given to businesses that have NOT received funds from other sources NOTE: Businesses that received $5,000 or less from Working Washington Small Business Emergency Grant program are eligible.
KEDA will offer a webinar on Wednesday, September 2nd at 1pm to review the grant application process and timeline. This is a great opportunity to ask questions and make sure you have all necessary details and documents required for a successful application.
Application period: Portal opens Monday, September 21st at 8:00 am and closes at noon on Wednesday, September 30th. All applications will be reviewed for eligibility as described below.
To learn more and register for the webinar visit https://www.kitsapcaressmallbiz.com/keda.
Funding for the program is from the state’s Working Washington Small Business program and including federal Coronavirus Assistance, Recovery and Economic Security (CARES) Act funds to help with COVID-19 response and recovery efforts across Washington State.
“The length and depth of the pandemic have hit small, main street businesses hard,” said Washington State Department of Commerce Director Lisa Brown. “In particular, restaurants, hotels and other service industries have not seen the expected number of customers. Small businesses need these resources to stay open as we respond to the public health crisis and help get people back to work.”
Commerce partnered with Kitsap Economic Development Organization and the 34 other local economic development organizations statewide to make $10 million in Working Washington Small Business Emergency grants available. Applications and administration of the new funds are run by the local organizations that serve all 39 counties. The Washington State Department of Commerce is not accepting or reviewing applications, this will be done by the local economic development organizations. The information for these organizations can be accessed thru their respective website links below.
For more information: http://bit.ly/ww-grants2.
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For more information on Kitsap Economic Development Alliance, visit www.kitsapeda.org
About the Kitsap Economic Development Alliance
The Kitsap Economic Development Alliance (KEDA) is a private nonprofit 501(c)(6) corporation providing client-based professional business and economic development services. Founded in June 1983, our goal is to attract and retain jobs and investments in Kitsap County that generate wealth, enhance the quality of life and embrace future generations.