Update July 8, 2024: Due to overwhelming response, the application period for the Small Business Investment Grants has closed as of 10 am on July 8, 2024. If you would like to be notified if we are able to re-open applications, please fill out this short form. If you have already submitted your application, please note that SkillSource will announce the grant award recipients no later than August 16, 2024. If you have any questions or concerns, please email kellim@skillsource.org.

When small businesses prosper, so does our community. We want our community in North Central Washington to know that there are new small business investment grants available through the Washington State Department of Commerce, intended for businesses that are owned and operated by individuals who are Black, Latino, or Native American. SkillSource aims to connect small businesses in Chelan, Douglas, Grant, Adams, and Okanogan counties with these new funding opportunities in order to help businesses grow and thrive. 

Funds from these grants can be used in any number of ways to help a business scale and become more sustainable. This includes capacity building and growth (renovating space, purchasing equipment or software), sustainability efforts (environmental, financial, social impact), hiring more employees, employee retention, and staff training. Applicants may apply for up to $15,000, with average awards anticipated to be between $5,000 and $10,000. The grant application process will begin on July 1, 2024 and close no later than July 31, 2024.  If/when 50 applications are received, SkillSource will close the application/review period.  If funds are not fully awarded during this phase, another opportunity to apply for the grant will be available.

The small business investment grants are a part of the Community Reinvestment Initiative through the Washington State Department of Commerce. The overarching goal is to ensure that historically marginalized communities gain equitable access to resources, which promotes broader community development and economic resilience. Specifically, the focus of this initiative is to address the disproportionate impacts on certain communities associated with the “War on Drugs.” Local business is the lifeblood of our neighborhoods and communities. These new investment grants will have a positive impact right here at home, strengthening businesses, increasing economic viability, and paving the way for a new era of generational prosperity in North Central Washington.

We are incredibly excited at SkillSource to help North Central Washington small business owners apply for these grants so they can realize a new level of success.