Economic Alliance and Lynnwood offer new business grants

The grants are derived from the federal Coronavirus Assistance, Recovery and Economic Security (CARES) Act.

Economic Alliance Snohomish County will oversee a new grant program to help support small local businesses.

The emergency grants are available to county businesses that employ up to 20 people.

Grants will be awarded in two amounts — $5,000 for firms with 10 or fewer employees, and $10,000 for companies with 11 to 20 employees.

Funding comes from the Working Washington Small Business Emergency Grant program, including federal Coronavirus Assistance, Recovery and Economic Security (CARES) Act funds.

A pool of $580,000 is available for for-profit businesses in Snohomish County.

Economic Alliance is accepting applications now through Monday.

For information on eligibility and how to apply, go to bit.ly/3hS1fgs.

The Washington State Department of Commerce is partnering with Economic Alliance and 34 local economic development organizations statewide to make a new round of $10 million in small business grants available. Application and administration of funds is managed at the local level.

For information on the statewide program, go to bit.ly/ww-grants2.

Lynnwood

The city of Lynnwood will make a second round of federal emergency funds available to local businesses negatively affected by COVID-19.

For-profit businesses that meet eligibility requirements, which include having a brick-and-mortar location within the city, may be eligible to receive up to $10,000.

Companies must be able to show that they’ve experienced a 25% decrease in revenue since May 31.

Up to $300,000 is available for this second round of funding.

Businesses that did not receive a Lynnwood Small Business Relief Grant during Round 1 are eligible.

Funds can be used for rent or mortgage payments, payroll and benefits and other eligible expenses.

Applications must be received by 4 p.m. Sunday.

To apply go to LynnwoodWA.gov/SmallBusinessGrant.

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