The Washington State Department of Commerce (WSMA) has announced a 2021-2022 WSMA Grant Opportunities to strengthen Microenterprise Development Organizations (MDOs), Community Development Financial Institutions (CDFIs), Black, Indigenous and People of Color (BIPOC) serving organizations, and others that provide business training, technical assistance, training, and/or microloans to businesses with 5 or fewer employees in urban and rural parts of Washington State.
Donor Name: Washington State Department of Commerce (WSMA)
State: Washington
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 01/14/2022
Size of the Grant: $5,000 and $60,000
Details:
These grants are for nonprofit organizations that provide these services to help the smallest businesses navigate the COVID-19 pandemic, steady their enterprises, prepare for economic recovery, and ensure they are ready to grow once the economy gets moving again.
Grant Opportunities
There are TWO grant opportunities. Applicants can apply for one or both.
- Statewide Grants: Nonprofit Microenterprise Development Organizations and Others throughout Washington.
- Urban projects are defined as those serving businesses in incorporated communities within/immediately adjacent to the metropolitan core of the following urban counties or in these urban counties and having a population of more than 20,000 people: King, Pierce, Snohomish, Clark, Whatcom, Spokane, Benton, Thurston and Kitsap).
These Statewide& Urban grants will provide immediate funds to stabilize these nonprofit organizations so that they can help the smallest businesses right now to navigate the COVID-19 pandemic, steady their enterprises, prepare for economic recovery, and ensure they are ready to grow once the economy gets moving again.
Grants approved under this contract may be used to pay expenses, including but not limited to rent, mortgage and utilities, technical assistance, and efforts to help prevent permanent closure of businesses. However, funds may NOT be used for equipment (tangible property including but not limited to copiers, vehicles, furniture, and technology infrastructure).
Budget Request
- Application requests will be between $5,000 and $60,000. Applicants are encouraged to request the maximum your program requires. A budget justification will also be required.
- All proposals must provide a cash-match equal to 25% of the total project costs. As an example: If your total project costs $10,000 you will only be able to apply for 75% ($7,500) of the costs from WSMA and match with your own funding the additional 25% ($2,500).
Eligible Applicants
- Eligible applicants are Existing, Embedded, or Emerging non-profit Microenterprise Development Organizations (MDO) or other non-profit organizations in Washington State that support and provide business development services to microenterprises, historically marginalized and under-resourced communities in Washington State.
- WSMA is committed to ensuring that equal opportunity is provided to Black, Indigenous, People of Color (BIPOC), veterans, woman-owned enterprises, entrepreneurs with disabilities, justice involved entrepreneurs and others historically shut out from funding, training programs, financing and other opportunities. Grantees will be required to describe how their current and intended programs ensure diversity, equity and inclusion in their leadership, staffing, delivery of services and their sensitivity to the issues of race and gender.
For more information, visit WSMA Grant Opportunities.
