Ready for Business Fund accepting applications for small business grants
Jun 13, 2022, 11:31 AM
The Ready for Business Fund and Comcast are now accepting applications for small business grants.
More than $200,000 in grants will be allocated to at least 80 businesses throughout the state.
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The fund is formed by Greater Seattle Business Association (GSBA), Washington’s LGBTQ+ and Allied Chamber of Commerce, and Comcast.
Almost all small businesses (97%) are concerned about inflation, and rising costs are the most significant threats small businesses currently face. Boosting revenue from online sales has now become the No.1 priority for small businesses.
Emphasis will be placed on small business owners at greater risk, including people of color, women, and members of the LGBTQ+ community. Small businesses located in rural areas of Washington will also be considered.
The Ready for Business Fund was founded in the summer of 2020 with a $100,000 investment from Comcast and GSBA as the fund manager. Over the past two years, the fund has distributed $2,500 cash grants to more than 120 small businesses in Washington.
The fund was renewed this year with $75,000 in funding from Comcast and GSBA, reprising its role as the program and fund manager.
Grants from the Ready for Business Fund will be made possible by more than $150,000 in additional donations from Pepsi, T-Mobile, US Bank, Meta, and Verity Credit Union and a $100,00 grant from King County.
The application period for the third round of the fund will close Sunday June 26, 2022.