Keep Seattle’s small businesses going
#allinseattle
Pike Place Market Small Business Recovery Fund
Co-created by the Pike Place Market Foundation and the Pike Place Market PDA, the Pike Place Market Small Business Recovery Fund will help give the Market community the critical boost needed to recover, reimagine and reopen. The Market fuels the local economy as the #1 destination in the Pacific Northwest and with 500+ local, independent businesses. Market business owners are working hard to secure city and federal funding as it becomes available, but we are learning that there will be significant gaps. The Pike Place Market Small Business Recovery Fund will provide quick, flexible and critical gap funding that will allow for the owners to make the best decisions possible to bring the Market back to its vibrancy. It will also create a path to longer term support as businesses transition to new economic conditions and strategies for business development. This fund is an essential tool in the Market’s recovery effort that will also greatly impact the recovery of downtown and Seattle tourism.
The Pike Place Market Foundation is accepting direct financial contributions to the Pike Place Market Small Business Recovery Fund here.
This fund is part of the larger Power of Pike Place, the Pike Place Market Foundation’s response & recovery campaign to triple investment in the small businesses, social services and the people of Pike Place Market, all of whom are in serious jeopardy.
Worker Emergency Relief Loan
The economic fallout of COVID-19 has left many workers struggling financially—and this is especially true for low-wage and undocumented workers. While the national conversation has shifted to recovery and rebuilding, many of these struggling workers are still in desperate need of financial relief. Those with poor credit or limited access to traditional credit are turning to dangerous predatory lenders for products that will only do more harm to people already in dire straits.
In partnership with Philanthropy Northwest, the Northwest Credit Union Foundation (NWCUF), and credit unions across the State of Washington, this fund provides safe and affordable 0% emergency loans to low-wage and undocumented workers. Loans will be administered at levels between $500 and $2,500 depending on personal need, will incur zero interest throughout the life of the loan and the first payment will not be required until 90 days after the loan is funded. NWCUF is raising money to provide financial guarantees for these loans.
Additional information about the effort can be found at https://nwcuf.org/emergency-loan-fund/. For more information or to make a contribution please contact Sharee Adkins at sadkins@nwcua.org.
Small Business Stabilization Fund
Created by the City of Seattle, the Small Business Stabilization Fund is an emergency fund to support small businesses impacted by COVID-19. The program offers grants of up to $10,000 to support operating expenses of eligible businesses in the city. The program has received over 4,000 applications for the initial $2.5M available. The City is expanding this fund to help cover payroll expenses for more small businesses, particularly those in the sectors hardest hit by COVID-19. The goal is to raise $15M to support at least 1,500 more small businesses. The City of Seattle is accepting direct financial contributions to this fund. To donate, please contact covidpledge@seattle.gov to make a contribution to this fund.
Keep Workers Healthy & Safe Fund
The fund has two main goals: to keep healthcare coverage intact for employees through April 2020, whether they have employer-sponsored benefits or receive subsidies for health insurance, and keeping employees safe by reimbursing employers for janitorial/sanitizing services, protective equipment, and supplies. 100% of funds raised will go directly to support businesses with 1 – 200 employees. The goal for this fund is $10 million. Please contact allinseattle@seattlechamber.com to make a contribution to this fund or click below.
The Seattle Metropolitan Chamber of Commerce has set up a fund to complement the city effort. The fund is focused on providing continuity for vulnerable businesses, including those who may not be eligible for the City’s program, and their employees.