The Washington State Division of Commerce just lately introduced a brand new grant alternative particularly for companies working within the hospitality and lodging trade.
The grant program has a complete fund of $100 million to assist companies that suffered losses because of the pandemic, though there’s some strict eligibility standards. For instance, this system is restricted to companies that skilled a 25% or higher loss in gross receipts or gross sales between 2019 and 2020 due to COVID-19 and the following public well being and security measures.
Extra Eligibility Standards
In addition to the 25% threshold, eligible companies should have generated minimal gross receipts or gross sales of $12,000 in 2019, or 2020 if the enterprise opened that yr. Every eligible enterprise should generate at the least 51% of its income within the state of Washington, and should not have completely closed nor have the intention to shut in 2023. Eligible companies should even have bills which might be essential to proceed enterprise operations, which embrace the likes of payroll and lease.
The forms of enterprise the grants will assist embrace eating places, meals stands and caterers, in addition to bars, saloons, lounges and taverns, together with snack and non-alcoholic beverage bars. Additionally included are sure licensed alcohol producers, in addition to resorts and motels excluding casinos.
Bakeries, breweries and bowling alleys are additionally eligible, as are quite a few different hospitality and lodging companies.
Get better and Rebuild
The Assistant Director of Commerce’s Workplace of Financial Growth and Competiveness, Chris Inexperienced, issued a press release through the Washington State Division of Commerce web site, which learn: “Whereas a few of our small companies are beginning to recuperate and rebuild within the wake of a world pandemic, extra proceed to face historic challenges.
“The hospitality and lodging trade is a vital a part of our financial system and these grants will assist affected companies throughout the state recuperate from public well being issues that disrupted their operations for the final three years.”
Apply for Hospitality Grant
The appliance portal opens on March 14 on the WA Hospitality Grants web site, plus there’s an informational webinar scheduled for March 13.
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Extra in: Small Enterprise Grants, Small Enterprise Grants – Washington