The City of Seattle will be adding $2 million to the Office of Economic Development (OED) Small Business Stabilization Fund (SBSF) to support small businesses and organizations impacted by the new vaccination verification requirement in King County. Up to 2,000 eligible small businesses and organizations that are required to enforce this policy will receive additional funding of up to $1,000 to help offset the economic impacts of this requirement. 

Eligible sectors for this additional funding include restaurants, performing arts and cultural institutions, nightlife spaces, and extracurricular/recreational indoor activity spaces (such as bowling alleys, gyms, gaming facilities, etc.). Eligible applicants will not be required to submit a separate application to access this additional funding. The more than 500 businesses in these sectors that have already applied for this round of SBSF will be eligible automatically, and do not need to reapply. 

Additionally, OED is extending the Small Business Stabilization Fund application period to November 14, 2021. All small businesses and nonprofits such as performing arts, cultural institutions or business technical assistance nonprofit organizations are encouraged to apply. All applicants in the eligible sections mentioned above that are required to enforce the vaccination verification policy may be eligible to receive this additional funding of up to $1,000 even if they are not selected for a Stabilization Fund during the random selection process. Organizations and businesses that have not yet applied for a Stabilization Fund grant should submit their application as soon as possible to access this additional funding. The grants up to $1,000 for vaccine verification are expected to begin to be distributed in December 2021 following the passage of the 2021 supplemental budget.

Please help us spread the word to small business and organizations before the SBSF application period ends on November 14. If you have any questions, please contact the Office of Economic Development at 206-684-8090 or oed@seattle.gov.

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