Category Archives: Small Business

Washington State Biz Fair — October 12

Tuesday, October 12, 7am to 5pm

The 25th annual virtual Biz Fair is free to attend and the goal is to help current and aspiring small business owners learn from experts on how to start or grow their business.

Gain access to valuable small business resources by visiting the Small Business Resource Center staffed by representatives from federal, state and local government agencies, and business and trade associations.

More more information, please visit the BizFair website.

New Flex Fund loan program to aid recovery for small businesses.

Small business owners and nonprofits across Washington can start applying today for low interest loans of up to $150,000 through the newly-launched Small Business Flex Fund. The Fund is a public-private partnership aimed at helping small businesses and nonprofits – particularly those in low-income communities – recover and grow as communities across the state reopen for business.
Learn more now.

Working Washington Grants Open Round 4 Next Week

These grants of up to $25,000 are focused on small businesses, especially those that were required to close due to public health and safety measures.
Priorities for funding are:
  • Businesses with lost revenue as a result of closure.
  • Businesses with added expenses to maintain safe operations.
  • Equitable distribution of grant funds across the state and to businesses owned and operated by historically disadvantaged individuals.
Online applications open March 29.

Business Recovery Assistance in Washington

Your Go-To Resource for Small Business Recovery

Small businesses are the backbone of Washington’s economy and many have been devastated during the pandemic. Many have closed, others are barely hanging on. Small businesses owned by people of color have been particularly impacted. In response, Congress has passed several aid packages and the State of Washington has provided relief, along with many local communities. But resources can be difficult to find, and the applications can be challenging to navigate.

On this website you’ll find answers to frequently asked questions, information on how to find individual technical assistance, how to find a lender, training opportunities and where to find more detailed program information.

Our goal is to help as many Washington small businesses and non-profits as possible access the help they need. 

Click here… https://www.smallbizhelpwa.com

SBA Prioritizes Smallest of Small Businesses in the Paycheck Protection Program

Steps to Promote Equitable Relief for Mom-and-Pop Businesses

Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. 

The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major improvements to the program’s implementation:

  • For businesses with fewer than ten employees, the share of funding is up nearly 60%
  • For businesses in rural communities, the share of funding is up nearly 30%
  • The share of funding distributed through Community Development Financial Institutions and Minority Depository Institutions is up more than 40%

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Bainbridge Approves Business Recovery Grants

City of Bainbridge Island Council Plans Grants to BusinessesIt’s official! The much-rumored, oft-mentioned COBI small business grants are now coming soon.

Get ready – applications for business assistance grants will become available in association with KEDA (the Kitsap Economic Development Alliance) starting on Friday, March 12.

Businesses may receive between $5,000 and $10,000 based upon their COVID-19 financial impacts and the number of total applications received by the City.

The unanimously-approved Business Recovery grant program will provide $210,000 to support Bainbridge Island businesses recovering from the COVID-19 pandemic. Continue reading

Washington State Department of Commerce — Business & Worker Update

FEB. 10,  2021

The Business and Workers update is a weekly newsletter providing news and information to help businesses and workers navigate the COVID-19 pandemic. The information is compiled by the state Economic Resiliency Team (ERT), part of the Joint Information Center.

What you should know about…

COVID-19 Response

The importance of testing

Vaccine may be in the spotlight right now, and while it’s a crucial tool to eventually help us overcome the pandemic, it’s not the only tool we should be using. We are still relying on things like wearing masks and getting tested to ensure our success in overcoming this pandemic, and we’ll need to keep doing so over the next few months.

Testing is a critical and essential part of the overall COVID-19 response. Identifying and isolating people who have COVID-19, and quarantining those exposed to the virus, are necessary to understanding, responding to, and stopping the spread of infection. Assuring equitable and widespread access to testing with rapid turnaround times for results remains a priority. For us to successfully stop the spread of the virus, it is critical for people to get tested when they have symptoms or when they have been exposed to someone suspected of having COVID-19.

Testing remains a priority. Please, encourage your family and friends to get tested if they’ve been exposed, or if they have symptoms. For more information about testing in Washington state see the state Department of Health’s (DOH) testing page, their updated statewide testing strategy and their testing location resources.

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The Impact of COVID-19 on Startups – April 2020

Infographic: The Impact of COVID-19 on Startups - April 2020

SCORE surveyed pre-startups and startups in early April 2020 about how they think how coronavirus could affect their business, and this infographic highlights the findings.

Data from a SCORE survey conducted from April 3-16, 2020. 492 business owners responded with 125 respondents identified as thinking of starting a business or in their first year of business ownership.

  • 65% of those surveyed are solopreneurs
  • 28% have 2 to 5 employees
  • 5% have 6 to 10 employees
  • 2% have 11 to 20 employees
  • 2% have 21+ employees

The respondents owned businesses in the industries below:

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How can I keep my business going during and after this pandemic?

by Ken Sethney, Volunteer Business Mentor, SCORE Kitsap

Every business owner I’ve had a conversation with in the last month or so is struggling to answer that question. It doesn’t matter what they sell, products or services, they are struggling to find answers to very difficult questions. Almost everyone in start-up mode has simply stopped. 

So, what should they do? What should you do? My suggestion is to keep moving forward. 

One of my SCORE clients owns a well established business with several employees. She and her team provide therapeutic services, but they don’t qualify as “essential.” 

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The SCORE Startup Roadmap: Your Guide to Successfully Starting a Business

Take the SCORE Startup Roadmap

Are You Ready to Start Your Business?

The path to business ownership is an exciting journey. As you embark on your journey, you need a few things to successfully reach your destination. First and foremost, you need a good roadmap or GPS to successfully navigate your way.

The SCORE Startup Roadmap, sponsored by FedEx, guides your journey, from your business idea through opening your doors to customers.

Whatever startup route lies ahead of you, the Startup Roadmap provides direction along the way. It will help you chart a course to success, minimizing detours and dead ends so you can get to your goal faster. This Roadmap will take you from the initial step of defining your business idea through your ultimate destination: launching your business. In each chapter, we’ll teach you what you need to do and give you the resources and expertise you need to get it done. Continue reading