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Board finalizes design for $50,000 small-business development grant, sets $20,000 cap
Summary
The King County Economic Opportunity Board on April 7 advanced a $50,000 small-business development grant program, agreeing on a $20,000 per-applicant cap, a required 1:1 match, and a two-step Google Forms application with a target May 1 launch.
The King County Economic Opportunity Board on April 7 continued planning a new small-business development grant program, confirming key details for application, review and outreach.
Chair (Speaker 1) told the board "we have $50,000 set aside for the program," and Pat Guerrero (Speaker 2), who led the update, said the board needs to set a per-applicant cap. After discussion about possible award sizes, members coalesced around a $20,000 cap. "So we say 20? I'm okay with 20," Pat Guerrero said as the group agreed that a $20,000 maximum would allow multiple awards from the $50,000 pool.
The board…
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