The Washington State Department of Commerce is accepting application for Small Business Innovation Fund for recovery, startup and growth of the businesses.
Donor Name: Washington State Department of Commerce
State: Washington
County: All Counties
Type of Grant: Grant
Deadline: 09/02/2022
Size of the Grant: $5 Million
Grant Duration: 8 Months
Details:
The Small Business Innovation Fund, administered by Washington State Department of Commerce, aims to spur small business recovery, startup, and growth. This funding will focus on initiatives that serve BIPOC entrepreneurs, women-owned small businesses, and small businesses located in underserved, low-income, and rural areas.
Small Business Innovation Fund contracts are used to:
- Serve BIPOC entrepreneurs and small businesses located in underserved, low-income, and rural areas
- Serve women-owned businesses
- Serve native and tribal owned businesses
- Increase aptitude for small businesses to succeed and survive
Period of Performance: The period of performance of any contract resulting from this application is tentatively scheduled to begin on or about October 1, 2022 and to end on May 31, 2023.
Funding Information
- A maximum of $5M will be awarded to each successful applicant.
Eligibility Criteria
- Non-profit organization who have a history of working with and providing assistance to small businesses in the State of Washington.
- The Applicant must be licensed to perform work in Washington State.
- They must also be registered and maintain their status as a nonprofit entity, with the Secretary of State’s Office.
For more information, visit Washington State Department of Commerce.
