Gig Harbor Small Business Stabilization Grant Program

Press release from the City of Gig Harbor:

June 25, 2020

Applications for Small Business Stabilization Grants are now being accepted. The application deadline is 5:00 p.m. on Thursday, June 25, 2020.

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Up to 205 businesses will each be awarded a grant of at least $1,500. In the event that the total number of qualified applicants exceeds 205 in number, the City will randomly select 205 of the qualified applicants to receive the $1500 grant award. The City Council reluctantly implemented the lottery system in order to ensure a consequential minimum grant amount of $1500. If there are fewer than 205 total qualified applicants, the entire $308,000 will be divided equally between the applicants.

Businesses are eligible to apply for a grant if they meet the following criteria:

• The business must have had a Gig Harbor business license before March 1, 2020
• The business must be physically located in the City of Gig Harbor
• The business must be a for-profit business. The City provides other avenues of support for non-profits, including lodging tax grants and creative endeavor grants.
• The business had ten or fewer full time equivalent employees (FTE) as of March 1, 2020. To determine the number of FTEs employed, for each employee, enter the average number of hours paid per week, divide by 40, and round the total to the nearest tenth. The maximum for each employee is capped at 1.0.
• The businesses is not owned, or partially owned, by employees or public officials associated with the City of Gig Harbor.
• The business must have suffered a financial loss due to executive order or proclamation made by Governor Inslee related to COVID-19.

To read more about the grant program and the application process, please visit the Small Business Stabilization Grant webpage. If you have any questions, please contact Josh Stecker.

This press release was produced by the City of Gig Harbor. The views expressed here are the author’s own.