The Mountlake Terrace Small Business Relief Grant Program is made possible by funding provided by the state and the Federal 2020 CARES Act, which allows the city to award grants to businesses impacted by the COVID-19 pandemic.
Of the $647,000 available to the city, up to $100,000 has been initially identified for this business grant program. The city’s goal is that each grant will provide a financial resource to help a Mountlake Terrace business emerge from this difficult time by retaining and creating jobs, acquiring necessary products to re-open, and providing goods and services to the community.
Eligible businesses submitting a complete and timely application will have a chance to receive a grant of up to $5,000. Funds may be used for operating expenses, including business rent or lease, payroll, utilities, inventory, marketing, and improvements to meet social distancing or employee safety requirements (see application for eligibility.) Eligible expenses must be incurred within the time period of March 1, 2020 to September 30, 2020 and documentation of expenses will be required.
Here is an overview of the application process that consists of four steps: 1) Determine eligibility by reviewing the grant overview; 2) Gather documents listed on the application; 3) Complete the online application; and 4) Submit your application by Monday, July 13, 2020 at 4:00 p.m.
Businesses selected to receive grant funding will be contacted by e-mail. For more information, contact Lisa Plancich, Administrative Assistant at firstname.lastname@example.org or (425) 744-6207.