Issaquah Small Business Response Grant Program
About the Grant
The City of Issaquah is committed to its Small Business Community and a successful recovery from the impacts of COVID-19. City Council authorized $500,000 for the Issaquah Small Business Support Program to help businesses recover.
- $500,000 in City-administered grants for small businesses
- Grant awards may be up to $10,000; partial grants may also be awarded.
- Eligible expenses must be within the time period of Mar. 1, 2020 to Oct. 31, 2020.
- Grant recipients are required to enter into a Grant Agreement with the City which will require the filing of a report on how the funds were spent.
- Grant recipients must also submit a W-9.
- Grant funds may be taxable income; please consult with your financial advisor for guidance. A 1099 will be issued to a grant recipient as required by the IRS no later than January 2021.
- Fewer than 25 employees
- In business since July 1, 2019
- Physical location within Issaquah
- Experienced a loss of income due to COVID-19
- Business in good standing (for example, have current business license; City taxes and fees paid; current on all State and regulatory requirements; not facing pending litigation or legal action, including Issaquah code enforcement)
- Confirm your eligibility (see eligible businesses above).
- Before you begin:
- Take some time to develop a recovery plan, including a break down of how your business would use the funds from a $10,000 grant. You will be asked for a maximum of 500 words with additional space for a cost break-down.
- Find your UBI Number and expiration date of your Issaquah Business License (Look up your information on WA State Department of Revenue)
- Calculate your total (gross) revenue from March to May of both 2019 and 2020.
- Complete an online application:
- Application form
- Apply by noon on Wednesday, July 15.
- The City’s goal is to notify applicants about grant decisions by early August, 2020.
What can grant funds be used for?
Eligible business expenses are limited to the following types of expenditures:
- Payment of rent or required monthly loan payments.
- Payments of regular wages, taxes, and typical benefits to employees (e.g., health insurance, paid vacation / sick leave essential to maintain operations, but only to the extent those wages, taxes and benefits have not been reimbursed by other federal, state or regional grants or loans.)
- Payment for personal protective equipment, sanitizer, disinfectant, or other supplies, equipment or physical changes (e.g., plexiglass barriers, or other furnishings to accommodate physical distancing) necessary for the protection of public health or the health of business or organization owners or employees in relation to the COVID-19 emergency.
- Typical operating costs and expenses, including those set forth on an income statement, as a regular, ongoing cost of operating the business.
- Typical draw or wages on a regular interval to owner, provided such draws or wages are consistent with those paid in previous intervals, quarters or years.
- Eligible expenses must be within the time period of March 1, 2020 to October 31, 2020.