Lynnwood Small Business Relief Grants Now Available - Apply Today!

Published on June 17, 2020

Lynnwood Small Business Relief Grants Now Available - Apply Today!

Biz Grants

$10,000 Grants Available to Small Lynnwood Businesses

On Monday, June 8, 2020, the Lynnwood City Council unanimously approved the allocation of $500,000 of the City's federal CARES Act funding to be put towards a business relief program to provide economic support to our local small businesses that have been negatively impacted by COVID-19. 

Eligible Businesses: In order to be eligible for the City of Lynnwood Small Business Relief Grant, the following eligibility requirements must be met:

  • Physical (brick and mortar) location in the City of Lynnwood
  • Been in operation and licensed with the City of Lynnwood since May 31, 2019
  • Have a current City of Lynnwood Business License
  • 10 or less employees, including the owner
  • Demonstrate at least a 25% decrease in revenues due to COVID-19

Eligible Expenses:

  • Retaining and/or supporting employees, payroll and benefits
  • Restoring financial resiliency
  • Business rent or mortgage payments
  • Addressing temporary COVID-19 related restrictions on business activity
  • Increasing technology capacity to enable alternative work forms or service delivery
  • Creating new marketing campaigns
  • Revising business plans
  • Paying vendor invoices
  • Facility cleaning/restoration

Application:

The application is available now and must be submitted online by June 26, 2020 at 4:00PM. No applications will be accepted after this deadline. For more information or to apply online visit:

www.LynnwoodWA.gov/SmallBusinessGrant

All eligible businesses submitting a complete and timely application will have a chance to receive a grant of up to $10,000 until all funds are exhausted.  A total of $500,000 of funding is available.  Funds may be used for existing operating expenses, including business rent or mortgage, payroll, utilities, inventory, marketing, and improvements to meet social distancing requirements.  Documentation of expenses will be required to be submitted if a grant is awarded, and eligible expenses must be incurred within the time period of March 1, 2020 to October 31, 2020.

Funding is limited.  All applicants may not receive a grant, and some applicants may receive a grant in an amount less than $10,000. Grant funds may be taxable.  Please consult with your financial advisor for guidance.  Grant recipients will be required to enter into a Grant Agreement with the City which will require the filing of a report on how the funds were spent.  Grant recipients must also submit a W-9. 

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For more COVID-19 business resources, visit 
LynnwoodWA.gov/COVID-19BusinessResource 


Contact:

Christy Murray, Economic Development
cmurray@LynnwoodWA.gov