Seattle’s Small Business Stabilization Fund, rolled out in March, has now been revitalized as part of the City Council and Mayor Jenny Durkan joint $5.5 million COVID-19 small business relief package passed in August. Of the businesses selected in this upcoming round, at least two thirds must have five employees or less and identify as “high risk of displacement or highly disadvantaged.”
So far, 469 businesses have received grants through this fund and over 60 of them are in District 3 neighborhoods including Capitol Hill and the Central District. The application period for this next round closes on Monday. You can learn more here.
For some Capitol Hill and Central District businesses, the grant was a necessary part of staying afloat during a time when federal and other sources of funding weren’t panning out. For others, it’s just one part of a larger effort to withstand the ongoing pandemic, especially in light of recently tightened COVID restrictions.
- SugarPill: The Pine and Broadway apothecary was one of the first businesses to receive a city grant. Owner Karyn Schwartz says it was the first type of governmental funding SugarPill received, coming through at a much needed time when invoices from the previous holiday season were piling up along with rent and payroll. “Without that grant, SugarPill would quite possibly have not survived,” she said. “It was a godsend in the early days of the pandemic.” Situated just down the block from 11th and Pine, she says the grant carried SugarPill through six straight weeks of near total closure as limited capacity shopping and curbside pickup were halted during this summer’s Capitol Hill protest zone. “It provided me, most importantly, with a little extra time to think about my next move, and to do the horrific work of applying for every other kind of assistance with a slightly less paralyzing sense of panic,” Schwartz said. Continue reading