The Thurston County Target Zone Small Business Startup Grant program is a critical element within a broader Thurston Strong Economic Response, Recover and Reset Plan.
Donor Name: Thurston Strong
State: Washington
County: Thurston County (WA)
Type of Grant: Grant
Deadline (mm/dd/yyyy): 05/01/2022
Size of the Grant: $75,000 to $100,000
Details:
The goal of the Startup Grant initiative is to address economic inequity by investing in the areas and people most vulnerable to the impacts of the COVID-19 pandemic.
Funding Information
The Target Zone Small Business Startup program will award up to five grants (not loans) ranging from $75,000 to $100,000.
Criteria
All interested and qualified aspiring entrepreneurs are eligible to apply including, but not limited to, individuals that have pitched ideas to the THINK Network, or who have completed businesses plans with the assistance from CB&I staff or local colleges and universities. Ultimately, successful applicants will:
- Reside in a Thurston County Target Zone and/or reside in Thurston County with a verifiable annual income at 65% or below the Area Median Income (AMI)
- Propose a NEW business, nonprofit and/or an accelerated expansion of newly created business that was opened for business as of March 2020 or later
- Have a business plan and/or clear articulation of what community benefits your enterprise will add to the Thurston community
- Present total startup costs required for the business to launch and confirm adequate additional funding has been obtained, if necessary, to cover costs that exceed the maximum grant award
- Present a proof of concept “pitch” to the proposal review team
- Provide additional materials or responses during review as necessary to evaluate the proposal
- All business plans will be reviewed by business development specialists, with viability approval required to advance to the next stage of consideration. Applicants whose business plans are not fully formed may be offered an opportunity to participate in one of the Thurston Strong-sponsored business training programs.
For more information, visit Target Zone Small Business Startup Grant Program.
