Contributions in exchange for tax credits will fund grants to eligible lending institutions to provide services and investment capital for small businesses lacking access to traditional bank loans. OLYMPIA, WA – The Washington State Department of Commerce has launched a new program to address inequities in accessing capital for small businesses. The Equitable Access to Credit Program, created by the state legislature (HB 1015), creates a new funding mechanism to…
Tag Archives: News release
Funding will support pre-construction activities in Benton, Clark, Douglas, King, Kitsap, Okanogan and Walla Walla Counties. OLYMPIA, Wash. – The Washington State Public Works Board last Friday approved $4.37 million for pre-construction projects in eight Washington communities. The awards support roads and streets, domestic water, sanitary sewer, and solid waste, recycling and organics infrastructure. The Board considered eight pre-construction applications from local jurisdictions seeking a total of $4,368,630, all of which…
Nearly 1,500 businesses across the state still struggling with pandemic recovery receive grants to cover losses OLYMPIA, WA – The Washington State Department of Commerce has distributed $79 million in grants to 1,493 hospitality sector businesses impacted by the pandemic. Authorized by the Washington Legislature in 2022 (ESSB 5693), funding provided through the Washington Hospitality Grant program is assisting businesses across the state with much needed relief right in time…
State funds leverage nearly $11 million in private and public resources expected to create and retain 100 high-wage jobs. OLYMPIA, WA – The Washington State Community Economic Revitalization Board (CERB) today approved $3.375 million in low-interest loans and $1.175 million in grants for economic development and public infrastructure improvements intended to spur business growth and job creation in Thurston, Skagit, and Whitman counties. Thurston County – $1.125 million loan and…
The shows will go on across the state as 200 organizations in 36 counties receive much-needed pandemic relief grants OLYMPIA, WA – The Washington Department of Commerce, in collaboration with the Washington Festivals and Events Association (WFEA) and ArtsWA, has awarded over $3 million in grants to 200 community events and festivals that either had to suspend operations or restart due to the pandemic. The qualifying grantees reported a total…
Office of Homeless Youth sought input from those with lived experience to evaluate competitive proposals for funding from service providers across Washington state OLYMPIA, WA — Nearly 60 young people with lived experience of homelessness from across Washington state gathered recently in SeaTac over three days to help evaluate hundreds of applications for funding through the Office of Homeless Youth (OHY) at the Washington Department of Commerce. The more than $40…
First cohort in new program will test potential for developing innovation clusters to drive growth and jobs in rural Washington Olympia, WA – Can small rural communities successfully mobilize public-private coalitions in target industries to create innovation clusters that will drive economic growth and jobs for the future? The Washington State Department of Commerce aims to find out with a new version of its Innovation Cluster Accelerator Program (ICAP) called…
Commerce Director Mike Fong names former Patty Murray aide to agency executive leadership post OLYMPIA, WA — Washington State Department of Commerce Director Mike Fong today announced Kyla Shkerich Blair will join the agency as Chief of Staff. Shkerich Blair has over a decade of experience serving in city, state and federal government roles, where she spent much of her time listening and engaging with communities across the state. Prior…
Stay up to date on Washington’s Internet for All initiative, bringing affordable and reliable internet access to every community Olympia, WA– The National Telecommunications and Information Administration (NTIA) this week announced state allocations for the Broadband Equity, Access, and Deployment (BEAD) program. Washington received $1.23 billion to bring affordable and reliable Internet for All. These new federal funds pair with ongoing work on the state’s BEAD five-year action plan and a Statewide Digital Equity Plan…
Applications open now for over $300 million in capital to develop multifamily rental housing projects OLYMPIA, WA — The Washington State Department of Commerce today opened applications for projects seeking capital to develop affordable housing across the state. At more than $302 million, it is the state’s largest single funding round to date. Funds are available to eligible non-profits, local governments, community housing development agencies, tribal governments and housing authorities.…