Skagit County, EDASC now accepting applications for small business grant program
Monday, July 13, 2020
Skagit County, with the help of EDASC, is now accepting applications for the second round of funding of the Skagit County Small Business Grant Program, designed to support small businesses and nonprofits adversely impacted by COVID-19.
Funding for the opportunity is provided by the County through the Coronavirus Aid, Relief, and Economic Security Act, better known as the CARES Act. EDASC is administering the small business grant program. The county expects to award approximately $750,000 during this round, with amounts up to $25,000 per business depending on the number of employees.
Basic eligibility requirements include: businesses must employ no more than 25 FTE (full-time equivalents), have had a reduction in business revenue greater than 25 percent due to COVID-19, and be in Skagit County.
Nonprofits specializing in food distribution, childcare and basic needs are eligible, and will be evaluated separately from for-profit businesses. Nonprofits should check the application for their unique eligibility requirements.
The full list of eligibility criteria is included on the application and at Skagit.org.
On July 10, the County and EDASC announced the first round of grant recipients from this program, which went to 30 Skagit County small businesses that EDASC previously recommended to receive a State Department of Commerce Working Washington Small Business Emergency Grant, but were either denied funding or only received partial funding.
The first round of grant funding, totaling nearly $164,000, made up the different between what Commerce funded and what EDASC’s local panel recommended.
Application materials and announcements will be translated into Spanish and posted on EDASC’s website.