As part of its ongoing support of Tacoma’s small businesses, the City of Tacoma’s Community and Economic Development Department is accepting applications for Small Business Renewal Grant.
Donor Name: City of Tacoma
State: Washington
City: Tacoma
Type of Grant: Grant
Deadline: 04/02/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The Community and Economic Development Department continues to respond to the needs of the small business community impacted by Covid-19 pandemic. These impacts have included an increase in crime and vandalism resulting in damage to storefronts across the city. And, as many entrepreneurs have sought to keep their storefront, they may run into challenging space or compliance requirements exacerbated by limited access to capital.
Funding Information
There is $250,000 in grant funds available
Small Business Renewal grants are designed to help eligible small businesses in Tacoma offset two types of costs:
- Damage Repair (up to $5,000 for one occurrence of storefront damage occurring after January 1, 2022)
- Examples of storefront damage qualifying for coverage include broken windows, broken doors, broken locks, or etching on windows. Loss of stolen goods or graffiti removal/paint are not eligible for coverage. Repairs must be completed, and eligibility verification paperwork with receipts submitted, no later than July 30, 2024.
- Impact Upgrade (up to $10,000 for an eligible tenant improvement to a physical location)
- For non-homebased businesses, examples of qualifying improvements include grease interceptors, safety upgrades (window security film, lighting), ADA access, curbside seating, takeout windows, etc. Selection of awardees and grant amounts will be based on project readiness (with the project already complete or in the permit process) and community impact, with preference provided for low- and very low-equity opportunity areas. Upgrade must be complete, and eligibility verification paperwork with receipts submitted, no later than July 30, 2024.
Eligibility Criteria
To be eligible, applicants must have/be:
- a for profit business within the Tacoma city limits
- a physical location that serves the general public
- have no more than two locations
- no more than 30 FTE employees, including the owner(s)
- annual net revenue of no less than $1,000 and no more than $5,000,000, as reported in Business and Occupation (B&O) taxes to the City of Tacoma.
- an independently owned, non-franchise, non-chain business
- a current City of Tacoma business license (Business License – City of Tacoma)
- a current Washington State Business License, UBI number
- compliance with all federal, state, and city laws and regulations
- a valid WA State Driver’s License or alternate ID
- a business Unique Entity ID (UEI).
For more information, visit City of Tacoma.
