Issaquah Business Grants

Many Issaquah businesses have experienced negative economic impacts of COVID-19. These businesses are employers in our community and provide critical and unique products and services. To address these needs, the City allocated $550,000 of federal CARES Act funding for two business grants: Small Business Response Grant (July 2020) and Business Reinvention Grant (Aug. 2020).

Small Business Response Grant

The City allocated $500,000 to help businesses recover from the economic impacts of COVID-19. This program accepted applications from July 1 – July 15, 2020. Applications were received from 220 businesses requesting over $2 million. View the 54 business grant recipients.

Business Recovery & Reinvention Grant

The City allocated $50,000 to fund innovative solutions to address business needs due to business changes necessary as a result of COVID-19. The program accepted applications from Aug. 3 - Aug. 19, 2020. Applications were received from 50 businesses requesting over $400,000. View the 6 business grant recipients.

Grant Program Details

  1. Grant awards were made up to $10,000; partial grants were also be awarded.
  2. Eligible expenses must be within the time period of Mar. 1, 2020 to Oct. 31, 2020.
  3. Grant recipients are required to enter into a Grant Agreement with the City which will require the filing of a report on how the funds were spent.
  4. Grant recipients must also submit a W-9.
  5. Grant funds may be taxable income; please consult with your financial advisor for guidance. A 1099 will be issued to a grant recipient as required by the IRS no later than Jan. 2021.

Eligible Businesses

Business awardees meet the following eligibility criteria: 

  1. In business since Mar. 1, 2019 (for Small Business Response Grant) and Jan. 1, 2020 (for Business Reinvention Grant)
  2. Have a physical location within Issaquah
  3. Experienced a loss of income due to COVID-19
  4. Have not received a Small Business Recovery Grant from the City of Issaquah (for Business Reinvention Grant only)
  5. Are in good standing (e.g. have current business license; City taxes and fees paid; current on all State and regulatory requirements; not facing pending litigation or legal action, including Issaquah code enforcement)

What Can Grant Funds Be Used For?

  1. Payments of regular wages, taxes, and typical benefits to employees (e.g., health insurance, paid vacation / sick leave essential to maintain operations, but only to the extent those wages, taxes and benefits have not been reimbursed by other federal, state or regional grants or loans.)
  2. Payment for personal protective equipment, sanitizer, disinfectant, or other supplies, equipment or physical changes (e.g., plexiglass barriers, or other furnishings to accommodate physical distancing) necessary for the protection of public health or the health of business or organization owners or employees in relation to the COVID-19 emergency.
  3. Typical operating costs and expenses, including those set forth on an income statement, as a regular, ongoing cost of operating the business.
  4. Typical draw or wages on a regular interval to owner, provided such draws or wages are consistent with those paid in previous intervals, quarters or years.
  5. Eligible expenses must be within the time period of Mar. 1, 2020 to Oct. 31, 2020.

Privacy Information

This application and any supporting documentation is considered a public record and may be subject to public disclosure under Washington’s Public Records Act, chapter 42.56 RCW.