UPDATED Emergency Small Business Relief Grant Program
Pierce County small businesses who have experienced significant economic injury as a direct result of the COVID-19 pandemic may apply for this grant program if they meet the below criteria.
This grant program was initially the Emergency Small Business Relief Loan program that was converted to a grant program per Pierce County ordinance. If you have already applied for or received a forgivable loan, you are not eligible to re-apply for a grant under this program.
Grant amount increased to $5,000 for micro businesses
Businesses with 1-5 Full-Time Equivalent Employees (FTEs) may apply for a grant of $5,000
Businesses with 6-20 FTEs may apply for $1,000 per FTE employee up to $20,000
Farmers Market Operations (private, not for profit, no FTEs limit) may apply for a grant of $20,000
Applications will be accepted until funds are exhausted.
Businesses applying for grants under this program must:
Be a business physically located anywhere in Pierce County including incorporated cities
Have 20 or fewer employees (including business owner)
Be in operation for one or more years (businesses that have had a change in ownership in the past 12 months may be eligible)
Demonstrate at least a 25% reduction in revenues attributable to the COVID-19 pandemic
The intent of this grant program is to help as many small businesses as possible. Therefore, there will only be one grant per business owner or owner group regardless of the number of business locations an ownership may have.
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 February 2021.