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- Small Business Innovation Matching Grant
The Pierce County Small Business Innovation Matching Grant program helps small businesses located in unincorporated* Pierce County move forward in the wake of the Covid-19 pandemic. The grant will aid in covering costs related to innovative projects that will help businesses grow and ultimately become more resilient. Eligible businesses should demonstrate a need for funding that will allow the business to implement new ideas, improve operations and processes, or upgrade facilities and equipment. The County Council has allocated $4M of American Rescue Plan Act (ARPA) funding to support this grant program.
Subject to available funds, the grant reimburses 50% of eligible costs up to $20,000 of reimbursement per applicant.
Deadline for second round of funding: Friday, November 4, 2022 at 5:00 p.m. (PST)
Businesses who have submitted an application for Round One are NOT eligible to re-apply.
*The term "unincorporated" refers to any areas that do not fall within the limits of a city in Pierce County.
Contact Information
Pierce County Economic Development
950 Pacific Ave.
Suite 525
Tacoma WA 98402
Email: [email protected]
Phone:
253-798-6150
- For-profit or non-profit business physically located in UNINCORPORATED* Pierce County.
- Have 20 or fewer full-time equivalent employees (including business owner)
- Have been in business at least two (2) years
- Have an independent business and not a corporate chain or corporate franchise
- Have an active Washington State business license
- Childcare businesses must be State licensed
- Childcare businesses MUST have a commercial lease or be a commercial property owner (in-home childcare settings are not eligible)
- Businesses who have submitted an application for Round One are NOT eligible to re-apply.
*The term "unincorporated" refers to any areas that do not fall within the limits of a city in Pierce County.
- Pre-approval is required.
- New projects must be completed within 90 days following pre-approval. A one-time extension may be granted based on extenuating circumstances.
- Purchases must be made between January 3, 2022 and September 1, 2023.
Types of projects eligible for grant funds:
Purchases of machinery, equipment, computer hardware, software, and point of sale systems necessary to expand or upgrade an existing facility, initiate a new line of business, or streamline a business process.
Grant funds MAY NOT be used for inventory, staffing, working/operating capital, to pay debts or taxes, or in-home childcare settings.
Applicant must agree to provide information regarding project outcomes.
- Expected number of jobs created
- Expected increase in sales or revenue
- Expected increase in efficiency
- Expectation of how the innovative project being funded will help the business grow and become more resilient
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.
Resources
- Project description
- Explanation of how the project will allow the business to implement new ideas, improve operations and processes, or upgrade facilities and equipment.
- Any supporting documents that help describe your project.
Receipts demonstrating equipment purchased or work completed. Receipts must be dated between 1/3/22 and 9/1/23.
FAQs
- If I applied for Round One funding and/or received funding from Round One, can I apply?
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No. Businesses who have submitted their application or received funding for Round One are not eligible to re-apply.
- If approved, how long do I have to complete the project?
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Once approved you will have 90 days to complete the project. A one-time extension may be granted due to extenuating circumstances such as supply-chain difficulties or third-party delays in performing contracted work.
- How do I submit receipts for reimbursement?
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Once your project is approved, you will receive a link to submit your receipts for reimbursement.
- If I’m not sure my project will qualify, what should I do?
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Submit an application that will go under review. You may wish to hold off on making any purchases until your project is approved.
- What size project can be submitted and how much will I be reimbursed?
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Any size project for any amount may be submitted for consideration, however, no more than 50% of the total eligible costs up to $20,000 can be reimbursed.
For example, if the total eligible costs equal $10,000, no more than $5,000 will be reimbursed. If the total eligible costs equal $40,000 or greater, no more than $20,000 will be reimbursed.
- If my business received a grant in 2020 or 2021, am I eligible to apply?
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Yes, if your business meets the above application eligibility requirements.
- Do I have to demonstrate an impact due to COVID-19?
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No, this is not a requirement. However, you do need to describe how the project to be funded would help your business become more resilient in the event of another disaster.