Taking Care of Business...From Home
In accordance with the Governor’s 'Stay Home, Stay Healthy' directive the Tri County Economic Development District (TEDD) offices will be closed until further notice. #TeamTEDD will be working from home, and is standing by to provide assistance to local businesses.
According to TEDD Executive Director, Jeff Koffel, “TEDD is working to assess the massive COVID-19 economic impacts in our region, identify resources, and provide information to our community. We are only at the beginning of this crisis and we should expect and be prepared for the situation to worsen before we see improvement. Our immediate focus to provide what support and relief we can to our regional businesses.”
Round 2: Working Washington Small Business Grants- Ferry County
The Washington State Department of Commerce has funded a second round of grants to support small businesses in Ferry County with 20 or fewer employees. Grant amounts will not exceed $10,000 total per business and is made possible by the Federal CARES Act. Nonprofits are not eligible for this program.
To be eligible for consideration, qualifying small businesses must:
- Employ 20 or fewer employees
- Be licensed to do business in Washington State
- Provide proof that it has been impacted by COVID-19
- Have NOT received a grant from Round 1 of Working Washington Small Business Grants.
If selected for an award, a successful business must be able to answer “yes” to the following questions:
- The expense is connected to the COVID-19 emergency.
- The expense is “necessary” to continue business operations.
- The expense is not filling a shortfall in government revenues (i.e. taxes, licenses, state, county, federal and/or city fees).
- The business will self–attest that the expense is not funded by any other funder, whether private, state or federal.
Please fill out the application form found at the link below and submit to email@example.com. Applications will be accepted through Friday, October 16th.
Please download and open the application if you would like to take advantage of the fillable properties of the document.
Pend Oreille County Small Business Stabilization Grant
Pend Oreille County is partnering with Tri County Economic Development District (TEDD) to administer a Small Business Stabilization Grant program made possible by federal Coronavirus Aid, Relief and Economic Security (CARES) Act funding. The County has committed up to $300,000.00 for small business assistance that will be distributed in the form of grants of up to $10,000.00 each, and will be awarded to local businesses that have been impacted by the COVID-19 pandemic.
Applications are being accepted through September 30th, or until the available funds are depleted.
Stevens County Small Business Stabilization Grants
Stevens County has committed up to $1,000,000 for small business assistance using federal CARES funding. Grants of up to $10,000 will be awarded to businesses in the county. These funds must be fully distributed by October 31, 2020. The intent of this grant is to assist businesses with eligible expenses incurred beginning March 1st, 2020 through the date of their application.
Click the button below for more information and an application.
Deferred Loan Payments
The TEDD's Executive Committee signed a resolution effective March 19th, authorizing the Executive Director to offer three months of deferred loan payments to all small businesses currently served by the Rural Opportunities Loan Fund, and allows all late fees and penalties to be waived for all regular payments due April 1, 2020- June 30, 2020.
For more information please contact the TEDD Loan Officer, Cassindra Maravilla, at (509) 684-4571 or e-mail firstname.lastname@example.org.
Please take a moment & let your voice be heard!
Regional Small Business Needs Survey
We're creating an online resource with the programs & services <i>you </i>need. Your responses to our survey will help us focus on curating & creating the content you need for a successful recovery. Beyond that horizon, your responses will also show us how to strengthen small businesses in the region and become more resilient to any business disruptions.
The survey should take about 15 minutes to complete.