The Downtown Spokane Partnership, Greater Spokane Incorporated, Greater Spokane Valley Chamber of Commerce, INBA, Visit Spokane, and West Plains Chamber of Commerce are committed to working together to support our business community. We've assembled resources to keep you and your employees informed. To receive bi-weekly information, news, and updates from downtown, subscribe to our Enewsletter here.
Spokane County is currently in Phase Two of the four-phase plan to return to business. We've compiled resources to help you be prepared for opening day. Find guides and links to supplies by clicking below.
OPENTogether Small Business and Non-profit Grant
On Monday, July 27, Greater Spokane Incorporated (GSI), the County’s designated Associate Development Organization (ADO), launched OPENTogether, a Small Business and Non-profit Grant program to help small businesses and non-profits offset safety and operating costs, rent and other allowable expenses with $10 million of Spokane County-allocated CARES Act dollars.
Small businesses with fewer than 50 FTE (full-time equivalent) employees and non-profits (with any number of employees) may apply for a grant of up to $10,000. These funds are to assist small businesses and non-profits with costs related to business interruption caused by related closures and compliance with COVID-19 public health emergency mandates.
Paycheck Protection Program has reopened
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. Business may apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating.
The Main Street Lending Program
The Main Street Lending Program (MSLP) provides cash flows to small and mid-sized businesses with the purchase of up to $600 billion in loans originated by U.S. banks, their holding companies, and credit unions. The MSLP implements provisions under Title IV of the CARES Act and is intended to supplement the Paycheck Protection Program (PPP) designed to target small businesses. Borrowers that have taken advantage of the PPP may also take out MSLP loans.
Summary courtesy CliftonLarsonAllen LLP
City of Spokane Business Resilience Loan Program
The City of Spokane's Community, Housing, and Human Services Board is investing funds to help small businesses stay resilient in the economic impact of the COVID-19 pandemic. The funding, which comes from federal Community Development Block Grant (CDBG) dollars, will provide eligible Spokane businesses with access to affordable loans through a partnership with non-bank community lender Craft3.
Small Business Hardship Utility Bill Assistance
Through the City of Spokane, businesses can seek a deferral of one to three months of City charges for water, sewer, stormwater and garbage with an agreement to pay those charges over six to 12 months without interest. Specific terms would be tailored for each business seeking a deferral. Assistance is available immediately.
Small Business Grant (coming soon)
Spokane County has allocated $10 million of CARES Act dollars to fund a grant program to support small and non-profit businesses with 20 and fewer employees to help offset safety and operating costs, rent and other allowable expenses. The application and administration process will be handled by the County’s Associate Development Organization (ADO), Greater Spokane Inc. (GSI).
Join the COVID-19 bi-weekly Business Impact Webinar presented by the Association of Washington Business.
Associated Industries is hosting a series of webinars and trainings to assist employers in arenas such as employment law, leadership development and workforce training opportunities to help businesses thrive and adhere to HR rules and regulations.
As part of the regional effort to recover from the economic impacts of COVID-19, the City of Spokane is partnering with Spokane Public Library to provide a Financial Helpline for all businesses and individuals countywide trying to access COVID-19 financial recovery programs. Call 509.625.6650, Monday-Friday, 8:00 am to 5:00 pm.