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King County board advances $50,000 small-business grant program, aims for May 1 launch
Summary
The King County Economic Opportunity Board finalized details for a $50,000 business development grant program that would require a 1:1 match and likely cap awards at $20,000; staff will build a Google Sites application and aim to open on May 1 pending final review.
The King County Economic Opportunity Board on April 7 advanced plans to launch a $50,000 business development grant aimed at supporting existing small businesses across the county.
Board staff described a two-step application process: a brief pre-application screening followed by a full application requiring a business plan, project budget and quotes. Applicants would need a 1:1 cash match; the board discussed and expressed support for a proposed $20,000 cap per award, which—if adopted—would typically fund up to half of a $40,000 project.
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