|Join Dylan Godsey this morning on Coffee with Colleen, September 22th at 8am, to learn about the funding Serenity House has for Rental Assistance.|
The Governor’s Rent Eviction Bridge Proclamation expires September 30, 2021.
Commerce’s rent assistance program, funded with state and federal dollars, may prevent evictions by paying past due, current and future rent for people impacted by the pandemic. Landlords are welcome to initiate an application on behalf of their tenants. The grant period is currently expected to last through December 31, 2021.
Serenity House has been administering COVID-19 emergency rent assistance since last summer. Serenity House processes applications, manages documentation and reporting, and issue payments to landlords. Payments are made directly to landlords.
Can a Landlord apply on behalf of the tenant for the rent relief? What is the process if there is a disagreement between tenant and landlord? Who receives the payments? How many applications has Serenity House processed? What is the total of the funding distributed thus far through Serenity House?
Federal Census data reported up to 13% of renters in Washington state were behind in rent payment in early 2021. Before the pandemic, this number ranged from 3-5%.
Please join us Wednesday morning:
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 ColleenSept 22 – Serenity House Sept 29 – Thor Kallestad, CEO Myno CarbonOct 7 – Foreclosure SalesOct 13 – Pam Rushton, County Assessor
|Employee Retention Tax Credit – Get paid back for keeping employees on payroll:|
If your business:• Was at least partly closed due to a government order OR the business’s revenue declined by 20% or more for any quarter this year; AND• You kept employees on the payroll:
You may be eligible for 2021 employee retention tax credits of up to $28,000 per employee. And the longer you keep your employees on payroll, the more money you are eligible to receive.
The deadline is Dec 31st.Click HERE for more details.Contact us at email@example.com if you’d like personal assistance.
You Can Still Apply for Future Rounds of Lifeboat3 Grants:
$5-$20K in grants funded through Clallam County.The Grant Selection Committee is reviewing the applications submitted thus far. If a business is not selected for funding in this round, they will be still be considered for future rounds.We anticipate we will notify applicants of the Grant Selection Committee first round decisions within the next two weeks.The EDC and it’s partners are actively reaching out to businesses that likely qualify but have not yet applied.Click HERE to apply for the second round.
Opting out of Long Term Care Insurance Requirements:
Next year the Washington Cares Act goes into effect. Every person that receives a W-2 will be required to pay into the state program which provides limited coverage and can not be used out of the state.
Individuals can obtain their own Long Care Term Care Insurance but they must have it in place by Oct 31, 2021. We know of two companies still offering LTC insurance but both have restrictions.
Read more Here.
|Our local Center for Inclusive Entrepreneurship (CIE) team is excited to co-sponsor the first-ever North Olympic Entrepreneur Showcase October 23, 2021, at 7 Cedars Hotel & Casino.|
Do you want to support local entrepreneurs and help build a more vibrant economy on the North Olympic Peninsula? Join local investors, mentors and emerging entrepreneurs for this free showcase of new local businesses.
Meet our newest entrepreneurs: visit at their booth, enjoy their main-stage presentations, and connect at the complimentary happy hour. Anyone in Clallam and Jefferson County is invited to attend.
Please register in advance below.
This is a great opportunity to meet local investors and mentor and seek support for launching or growing your business.
There are two ways to participate:Share your product or service at a tabletop booth in the exhibition hall (12 spaces)Present your business case on the main stage (8 spaces)
Main stage presenters must participate in our practice pitch clinics and have their presentation approved. Join other startups participating in the North Olympic Entrepreneur Showcase Event and learn from our business advisors how to put together a presentation. CIE will provide coaching and feedback to help you refine your business case and make your pitch compelling.
Pitch clinic schedule:September 23 – Pitch practice and feedback, workshop with coaches. (Zoom)October 7 – Business Impact NW Pitch Competition watch party and discussion. (Zoom)October 14 – Pitch practice and feedback, workshop with coaches. (In-person if Covid allows)
To participate in the workshops, register below.
|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.
|Lifeboat 3 Application Portal is Open – Next Round of Review scheduled for November.|
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 with priority going to businesses that fall into one of the following categories:
Small businesses who previously applied and qualified for Working Washington or prior CAREs-funded Lifeboat grants that did not receive funding;
Nonprofits (and potentially small businesses) who provide child care services;
Small businesses who qualified for 2nd PPP rounds of funding due to incurring a 25% reduction in revenues but did not receive a 2nd PPP loan;
Startup small businesses who commenced operations in 2019 or 2020 in Clallam County or changed their business type in 2019 or 2020;
Fishing guides that did not qualify for any state or federal assistance programs during the pandemic;
Event Planners & Festival Operators that did not qualify SVOG or other state assistance programs;
Restaurants who applied for a Restaurant Revitalization Fund but did not receive any funding;
Businesses that transported passengers who tested positive for COVID-19 for transport to the hospital, that incurred significant unreimbursed COVID mitigation related costs);
and Businesses that can make the case that their unique situation of revenue loss (relative to other businesses in the county) warrants grant funding.
You’ll be able to find more information about the grant program at https://chooseclallamfirst.com/lifeboat-3-grant/.
|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:Cutting timber.Transporting timber.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.
|Other Good Stuff…|
|This chart shows why the housing market may see an end-of-September shock:|
Fortune Magazine reports that “since bottoming out this spring, the number of homes for sale is up 30%. Sure, some of that can be attributed to seasonality, but the bigger reason is buyers are finally balking at insane prices—which have risen 18% over the past 12 months.
Another factor: Edgy sellers who don’t want to miss out on profits may be rushing to put their homes on the market—and may feel a bit more comfortable moving now than they did when the pandemic was raging unchecked.
But this softening isn’t over: There’s more inventory looming.
The mortgage forbearance program, which allows some borrowers to pause their payments, is set to begin winding down on Sept. 30. There are still 1.7 million borrowers enrolled in the program. Not all of these struggling borrowers are going to be able to afford those payments. Some of them will simply sell rather than restart paying. That of course, means more inventory.
|Utility Late Fee/Shutoff Moratorium Expires September 30: Now What?|
Check out this article from Municipal Research and Service Corporation.
|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 (firstname.lastname@example.org) to get connected with an accountant at Clark Nuber. Many thanks to the Seattle Metro Chamber for offering this amazing resource statewide!|
|About the Emergency Broadband BenefitThe 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.
|LOW INTEREST RATE, GOVERNMENT-FUNDED BUSINESS LOANS…|
|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|
|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.