Examine Federal, State, local and private sector resources that may benefit businesses financially.
Visit this site to stay informed of what the city is doing to ensure continuity of services, learn of any changes or delays to services, and to read updates from the Mayor’s office.
Pierce County COVID-19 Adaptation Grant Program
This funding may help offset some of the costs businesses and organizations have incurred as they make changes to reopen consistent with the Governor’s Safe Start Plan. To be eligible for a reimbursement grant, applicants must have a written plan for how you are operating safely under new COVID-19 guidelines, provide documentation of COVID-19 related expenditures, and be actively operating and physically located in Pierce County. One-time grants will be awarded of up to $8,000 (represents up to 50 percent of approved expenses) with the exception of skilled nursing facilities, long-term care facilities and adult family homes which may receive up to $10,000. For further information, apply promptly at www.piercecountywa.gov/6877/Adaptation-Grant-Program.
The City of Tacoma has allocated $1.2 million to assist eligible households affected by the COVID-19 pandemic with rent payment. The Rental Assistance Program provides a one-time payment of up to $1,000 directly to landlords of selected individuals or families who meet the following eligibility requirements:
- Households located in the City of Tacoma
- Households who have experienced loss of employment or reduction in wages due to COVID-19.
- Households at or below 50% Area Median Income for Pierce County
To submit an application, visit the city’s Coronavirus Updates page.
Some funds have been set aside for direct referrals by community agencies that are helping to address inequities faced by people of color in our community. If you are a service provider that would like to make a direct referral, please contact LASA at email@example.com.
Minority Business Development Agency Grants For Non-Profit And Community-Based Organizations
Up to $50,000 grants for non-profits and community-based organizations that serve small businesses in metropolitan and rural communities.
Your partnership with the MBDA must cover one or both of these two areas to apply for grant funding.
Design and deliver programs so that small businesses owners gain the skills and knowledge to be able to pivot from their current business model by strengthening strategic thinking, building systems, increasing the effectiveness of marketing strategies and providing a variety of tips and tools that lead to greater profitability post COVID-19.
Courses and or information workshops developed will primarily be offered through a virtual classroom setting
COVID-19 TRANSMISSION PREVENTION
Design and deliver programs and workshops in a virtual format to focus on safely and rapidly re-opening the economy based on current conditions. The workshops will take into account CDC and regional safety guidelines for individuals and businesses, COVID-19 related regulations, recommendations and best practices.
To partner with the Tacoma-MBDA Tacoma Business Center and apply for a grant, please contact:
CARES Act Project Manager
MBDA-Tacoma Business Center
Visit this page to view local, state, and national resources and funding options for the creative community.
Tacoma Public Utilities’ Emergency Assistance Program has pledged $2.4 million in emergency assistance for customers facing financial hardship. Learn more about eligibility and the application process here.
If you have questions about a commercial account, you may contact Business Solutions Office directly M-F 8 a.m. to 5:30 p.m. at 253-502-8606 or firstname.lastname@example.org.
Puget Sound Energy is taking measurable actions to help our customers and communities during this coronavirus situation.
Pierce County small businesses who have experienced significant economic injury as a direct result of the COVID-19 pandemic may apply for this loan program if they meet the below criteria. The Pierce County Council expanded this loan program on April 21, 2020 to include employers with up to 20 employees for businesses located anywhere in Pierce County, including incorporated cities.
The intent of this loan program is to help as many small businesses as possible. Therefore, there will only be one loan per business owner or owner group regardless of the number of business locations an ownership may have.
Loan amounts of $1,000 per employee will be awarded up to $20,000. Loans will be offered to qualified applicants at no interest and no payments for 12 months. Applications will be accepted on a first come, first served basis, subject to available funds.
- Be a business physically located anywhere in Pierce County including incorporated cities
- Have 20 or fewer employees (including business owner)
- Be in operation for one or more years (businesses that have had a change in ownership in the past 12 months may be eligible)
- Demonstrate at least a 25% reduction in revenues attributable to the COVID-19 pandemic
- Companies who have already received funding under this program are not eligible to re-apply.
- Guidance on Federal Disaster Loans for Small Businesses and Private Nonprofits
- Financial Assistance
- Government Regulation Assistance
- HR & Employee Assistance
- Legal Assistance
- Communications Assistance
The Governor’s proclamations page can be found here.
COVID-19 Resources and Information for Housing Providers and Renters.
Washington State Department of Commerce Economic Resiliency Team (ERT) Business Response Center
The team is currently able to answer questions as quickly as they are received. If you’re a business owner or operator with a question, Ask Your Question Here.
Startup Washington Small Business Resiliency Assistance
Technical assistance for small business owners from culturally and historically disadvantaged communities.
Technical assistance can include:
- Finding and help applying for assistance to help your business right now, whether you are open or closed
- Translation assistance
- Navigating local, state and federal resources
- Business coaching
The COVID-19 African Small Business Support program offers no cost information, business counseling and technical assistance to minority business enterprises.
Washington State Department of Enterprise Services: For Manufacturers/Distributors of Essential Products
The Washington State Department of Enterprise Services (DES) is prioritizing and organizing procurement of essential products in coordination with the Governor’s Office. More specifically, specific infection-control products and other health care supplies identified in the link above are needed immediately and in the foreseeable future. The State is able to buy these products with a purchasing card or purchase order. Impact Washington, a State-funded technical assistance provider, is working with DES by interfacing and coordinating with manufacturers/distributors.
View this information sheet to learn more about how manufacturers/distributors of Personal Protective Equipment can get involved.
The first step is to record what companies have available through this online form.
Impact Washington is providing no-cost guidance to manufacturers to
- review existing procedures
- conduct an assessment, and
- advise on how to implement controls to protect workers.
Manufacturers may request assistance by calling (425) 438-1146 or e-mailing email@example.com. The information provided in the files below may be useful to other businesses in addition to manufacturers.
PPP applications resume.
The U.S. Small Business Administration Paycheck Protection Program resumed accepting applications today in response to the Paycheck Protection Program Extension Act. The new deadline to apply for a Paycheck Protection Program loan is Aug. 8.This is a loan designed to provide a direct incentive for small businesses to keep workers on the payroll. Morehttps://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
The Internal Revenue Service offers guidance on the distribution of CARES Act economic impact payments to individuals.
The Small Business Administration (SBA) and the Department of Treasury have begun releasing the information that will guide the programs created through the (CARES) Act. For your convenience, we have linked the programs below with a short summary of their details, plus any documentation created for further clarification.
This FAQ sheet from the Association of Washington Business may help you decide which program is best for your business.
To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 on June 15.
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000 (in grants).
The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.
Who is eligible? Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
WASHINGTON — July 15th is the IRS tax filing extension date. Businesses who have retained jobs may claim an exemption. The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
This program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
- Up to $25,000
- Fast turnaround
- Will be repaid in full or in part by proceeds from the EIDL loan
Find an Express Bridge Loan Lender by connecting with your local SBA District Office.
SBA Debt Relief
The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis. Under this program:
- The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
- The SBA will pay the principal and interest of current 7(a) loans for a period of six months.
The loans eligible for this relief include those guaranteed by the SBA, such as the SBA Business Loan Program (including the Community Advantage Pilot Program, but excluding PPP Loans) or Title V of the Small Business Investment Act. Loans made by an intermediary to a small business using loans or grants received under the SBA’s Microloan Program are also eligible.
Additional SBA Financing, Exporting and Advising Resources
- SBA Loan Guarantee Program for working capital, microloans, express loans and lines of credit
- Counseling services through the SBA Resource Partner Network to help in creating preparedness plans.
- SBA COVID-19 resources here
Visit this site for guidance on the CARES Act specific to charitable nonprofit organizations. Resources include a CARES Act Loan Options matrix and webinar titled: Federal Coronavirus Relief Bills: What Do They Mean for Nonprofits?
The Export-Import Bank of the United States (EXIM) is announcing relief provisions for exporters and financial institutions located throughout the United States that may have been affected by COVID-19 (coronavirus). EXIM is offering the relief measures outlined on their fact sheet, including waivers, deadline extensions, streamlined processing, and flexibility, to our customers for an initial period of 30 days (with the possibility of a further extension of the period, at EXIM’s discretion) to enable businesses and financial institutions that participate in our programs to return to their business concerns and EXIM-related obligations at an appropriate time without penalty.
- Federal assistance to help manufacturing companies hurt by imports
United States Government
Comprehensive Official verified and updated Information of all aspects of the Federal Covid-19 Response.
Government Response to Coronavirus, COVID-19 | USAGov
Government Response to Coronavirus, COVID-19. Learn about international travel restrictions, how you can prepare for coronavirus, and what the U.S. government is doing in response to the virus.
In this section, the City of Tacoma is providing information especially related to private sector funding, grants and resources to assist small businesses affected by COVID-19. It does not represent an endorsement. Businesses are advised to conduct their own due diligence to determine how this assistance may meet their needs.
The National Business League, American Express, the U.S. Chamber of Commerce Foundation and Coalition Announce $10 Million in Grants to Black Businesses of $200 Million Commitment… #nbl1900 #AMEX #USChamberFoundation #BookerTWashington
Details on how Black Businesses can apply have not been released but will be posted when available.
- An additional $10 million will fund a grant program to support U.S. Black-owned small business recovery.
- According to the Small Business Recovery Research conducted by American Express, 62 percent of U.S. small businesses reported that they need to see consumer spending return to pre-COVID levels by the end of 2020 in order to stay in business.
- As part of the $200 million commitment, eligible and enrolled U.S. Card Members can get $5 back after they spend $10 or more, up to 10 times, when they Shop Small online or in-store through September 20, 2020. Enroll at: SHOPSMALL.COM.
- Similar Shop Small Offers are currently live in Australia, Canada and the UK, with more to follow.
Spanx by Sara Blakely Foundation
$5 million to support women-owned businesses affected by COVID-19 and has teamed up with GlobalGiving to establish The Red Backpack Fund, which will provide 1,000 grants of $5,000 to female entrepreneurs throughout the U.S. from April through August. Next application opens: July 6 – 13
- Directory of Youth Resources & Programs
- Transportation Support for Food & Essential Workers
- Small Business Owners & Entrepreneurs Emergency Funding Application Help