The Weekly Update

Join us Wednesday, August 11th at 8am to hear from three local experts:
Dave Ramey of Coldwell Banker in PA, Michael McAleer of RE/Max Prime in Sequim, and Don Grafstrom of Professional Realty Service in Forks. They will share what’s been happening in the Real Estate Market in the three regions of our County:
How much have housing prices increased recently in PA, Sequim and Forks?
What does a typical new starter home cost today?
How many homes are for sale?
Where are the buyers coming from generally?
Are most sales funded with cash or through mortgage financing?
Please join us this :
https://us02web.zoom.us/j/89474510306?pwd=VlIrRHh5RG1nYVh3V3JXRzFSMmRodz09
Meeting ID: 894 7451 0306Passcode: 187447One tap mobile+12532158782,,89474510306#,,,,*187447# US (Tacoma)
Dial by your location    +1 253 215 8782 US (Tacoma)Meeting ID: 894 7451 0306Passcode: 187447

Future Guests on Coffee with Colleen:
August 18: Kevin Gallacci, General Manager, Clallam Transit
August 25 – Sept 15: Continuation of our Housing Series: County Housing Task Force Habitat for Humanity for Humanity Peninsula Housing Authority County Auditor
EVENTS…
Join us to Cheer on our Lefties Baseball Team!

An exciting event at Civic Field, Thursday, August 12th – Night of Lefties Baseball Highlights for
Event: Be our guest as a member and partner of Clallam County EDC Lefties last regular session home game.
Salute to our Military – Watch an Air Show! 
Contact Lorie Fazio our Business Relationship Manager at lfazio@clallam.org to arrange for your tickets. We are looking forward to having you join us! 
CrabFest – Oct 8-10thThey are Back!Dungeness Crab & Seafood Festival – Celebrating our Olympic Coast Cuisine:

The Dungeness Crab & Seafood Festival served-up a record nine tons of fresh-caught Dungeness crab in 2019 before taking an unanticipated mandatory hiatus in 2020. Now, this signature Pacific Northwest culinary event is back and preparing for another “crabtastic” year.

CrabFest will take place Friday, Saturday and Sunday, Oct. 8-10, at the Port Angeles City Pier, the Gateway Center, and Red Lion Hotel Port Angeles Harbor parking lot.

Admission is free. For More Details Download the CrabFest Brochure Here.
GRANTS…
Just Opened – USDA Grants up to $125K for Small Timber Businesses:
To be eligible for payments, individuals or businesses must be a timber harvesting or timber hauling business where 50% or more of its gross revenue is derived from one or more of the following:

1.) Cutting timber.
2.) Transporting timber.
3.) Processing of wood on-site on the forest land (chipping, grinding, converting to biochar, cutting to smaller lengths, etc.).

Payments equal gross revenue received from the first 11 months of 2019 minus gross revenue received from the first 11 months of 2020, multiplied by 80%.

Visit farmers.gov/pathh for more information on how to apply.

Access a Flyer Here on the Program.
Lifeboat 3 Applications are scheduled to open August 17th:

The Clallam County Commissioners have agreed to begin the process to distribute up to $3 Million in American Rescue Plan Act funds to small businesses that have been the hardest hit and/or unable to receive federal or state funding for different reasons. Your EDC is working with our partners, the Chambers, United Way and the Center for Inclusive Entrepreneurship on the metrics and process.

You’ll be able to find more information about the grant program in the Clallam EDC newsletters and on our ChooseClallamFirst.com Grant website. We hope to be issuing checks to Clallam County businesses in September. Check back here for updates. So stay tuned!
SBA Shuttered Venue Operators Grant (SVOG) Still Has Funds Available!

According to this new SBA report, as of July 6 the SBA received 14,884 SVOG applications nationwide totaling $11.7 billion. As of July 6, there are 122 Washington venues which have received an SVOG grant totaling $83 million. 

Three Jefferson County businesses have received just over $600K in total BUT NO Clallam County Businesses have been awarded any funding yet. We expect this performance to grow as SBA works through the applications, and their goal is to review all applications by mid-July. There are still SVOG funds available! The Shuttered Venue Operators Grant is only available until the funding has been exhausted.

Go to https://www.svograntportal.sba.gov/s/ to apply. This grant is for brick and mortar businesses only whose primary income is generated through events.
LOW INTEREST RATE, GOVERNMENT-FUNDED BUSINESS LOANS…
The new Washington State Small Business Flex Fund is OPEN


As of July 4, over 561 applications had been matched with CDFI lenders requesting $56.449 million. Of the application pool, 53% are women-owned businesses, 73% are women and minority-owned businesses and 53% are non-white business owners.

For More Information and to Apply Click Here to learn more about this crucial new resource for long-term capital for Washington’s small businesses and non-profit organizations. Many thanks to the teams at Washington Commerce and the National Development Council, among many other partners, for their leadership and persistence in making this $100M fund happen!
Read the June 30 media release about the opening of the Fund.
Funding still available for new or increased Economic Injury Disaster Loans (EIDL):

Whether you have an existing COVID-19 Economic Injury Disaster Loan (EIDL) and want to apply for an increase; or are interested in applying for an initial COVID-19 EIDL, funding is available for loans up to $500,000. For more information on eligibility, use of proceeds, and loan terms, visit the SBA website. Details on EIDL
OTHER FREE SMALL BUSINESS RESOURCES…
Statewide Resource – No-Cost Accountant Services:

The Seattle Metro Chamber’s REACH program and the Business Health Trust are sponsoring accounting consulting services for small businesses to help employers navigate PPP forgiveness, Employee Retention Tax Credits, the Shuttered Venue Operators Grant and financial record-keeping for the Restaurant Revitalization Fund.

The CPA assistance is available to Washington businesses with 100 employees or fewer. Employers can reach out to Leigh (leighj@seattlechamber.com) to get connected with an accountant at Clark Nuber. 

Many thanks to the Seattle Metro Chamber for offering this amazing resource statewide!
Start Your Business – free webinar Tomorrow:

Start Your Business is a free, one-hour webinar for aspiring entrepreneurs or newly-started businesses to gain valuable information about business registration and licensing, other regulatory requirements, and resources for further assistance.
When: August 10th at 2 p.m.Click here for more information and to register online.For a Directory of our State’s Small Business Liaison’s click HERE.
Other Good Stuff…

Our State’s Unemployment Insurance Rates: Washington’s Economic and Revenue Forecast Council issued their quarterly forecasts. The news is much more promising than predicted.

Two big takeaways: Washington’s tax base is far more resilient than most expected.The unemployment insurance trust fund is not headed towards insolvency. Indeed, in contrast to predictions during the legislative session, the trust fund is headed in a positive direction.   Both trends, if they continue as forecast, bode well for economic recovery.  
To read their full Report Click HERE.
Emergency Broadband Benefits

About the Emergency Broadband Benefit

The upcoming Emergency Broadband Benefit will provide a discount of up to $50 per month towards broadband service for eligible households and up to $75 per month for households on Tribal lands. Eligible households can also receive a one-time discount of up to $100 to purchase a laptop, desktop computer, or tablet from participating providers if they contribute $10-$50 toward the purchase price.

Who Is Eligible for the Emergency Broadband Benefit Program?
A household is eligible if one member of the household meets one of the criteria below:
1. Receives benefits under the free and reduced-price school lunch program or the school breakfast program, including through the USDA Community Eligibility Provision, or did so in the 2019-2020 school year;
2. Received a Federal Pell Grant during the current award year;
3. Experienced a substantial loss of income since February 29, 2020 and the household had a total income in 2020 below $99,000 for single filers and $198,000 for joint filers; or4. Meets the eligibility criteria for a participating providers’ existing low-income or COVID-19 program.

Download the EBB Brochure HERE.

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