Snohomish County Government: $5 Million In Pandemic Recovery Investments To Support Small Businesses, Entrepreneurs, And Tourism

Edmonds WA

28 April, 2022

7:41 PM

Description

Press release from the Snohomish County Government: April 25, 2022 Snohomish County, Wash., April 25, 2022 – Snohomish County Executive Dave Somers today announced $5.2 million in American Rescue Plan Act (ARPA) investments to support pandemic recovery efforts for small businesses, entrepreneurs, and tourism. These investments include: the creation of a Small Business Innovation Assistance (SBIA) program, which provides technical assistance and grants to small businesses and entrepreneurs; and an expansion of the county's tourism marketing initiative. Supporting jobs, small businesses, entrepreneurs, and tourism is crucial to Snohomish County's recovery. In the county, 90 percent of businesses have fewer than 20 employees, and these small businesses account for the highest percentage of employment among all businesses by size. The county received 2,136 applications for its Relief, Recovery & Resiliency (R3) small business grants, which were administered throughout 2020 using federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funds. Through the R3 program, Snohomish County funded $25.5 million in grants that supported 1,423 small businesses and 5,171 workers. Press Release... This press release was produced by the Snohomish County Government. The views expressed here are the author's own.