Natalia Ibarra, Kiva’s Manager for US Partnerships on Coffee with Colleen & Weekly Updates

Join Natalia Ibarra, Kiva’s Manager for US Partnerships, this Wednesday as we Discuss their Innovative Loan Program that put Character over Credit and that Harness the Power of Community Support. Kiva provides capital for entrepreneurs where conventional lenders won’t.

What is the issue for the smallest businesses nationally:
Women – Loans to women-owned businesses are on average 31% smaller.
Credit Invisible – 26M individuals do not have enough credit history to produce a credit score.
Minority-owned businesses – are 3x more likely to be denied credit.
Expensive Microlending – CDFIs charge interest range from 6-25%.

A borrower’s starting loan range will be determined by:
*Debt to income ratio
*Separate bank accounts for business and personal finances
*Government issued business proof

Please Join us on Zoom: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 – 253 215 8782 (Tacoma)
Upcoming Guests:
June 22nd – Powell Jones – Dungeness River Nature Center
June 29th – John Purvis & Sean Worthington – Clallam PUD Discusses Transformer Supply Issues
July 6th – Derek Kilmer
July 14th – Marsha Massey on Tourism Data in Clallam
July 20th – Jamestown EDA on New Developments

*Photography Notice: Be aware that by participating in the Clallam EDC’s event, “Coffee with Colleen,” you are automatically authorizing the Clallam County Economic Development Council and its employees and agents to use your name, photograph, voice or other likeness for purposes related to the mission of EDC including but not limited to publicity, marketing, websites, and promotion of the EDC and its various programs.
Grants…
OPEN Now – Festival & Events Grants: The Washington Department of Commerce, in collaboration with the Washington Festivals and Events Association (WFEA) and Arts WA, is administering a $3.5 million grant program to provide festivals, events and celebrations across the state with relief disruptions caused by COVID. This grant program supports “legacy-level” community events, festivals, civic and holiday celebrations, cultural and heritage events, music festivals, and street and arts fairs in communities with populations of 100,000 or less. Funding supports the 2022 calendar year.

Grants are designed to either restart and stabilize “legacy-level” festivals and events suspended in 2020 and 2021, recover from disruptions and losses due to the COVID-19 pandemic, or both. Covered expenses include deposits on infrastructure (security, temporary fencing, staging, lights, sound equipment, etc.) and staff and labor costs.

Grants range from $5,000 to $35,000. Award amounts are based on need and demonstrated losses. “Legacy-level” is defined as established festivals and events that have been held for five years or more in a community.
As of April 2022, recipients of grants using federal funds are required to have a Universal Entity Identifier (UEI), which replaces the DUNS Number.

If you don’t have one yet, you may want to apply now. You can apply for the grant without one but will need an UEI if you are a grantee.
The application period closes July 1 at 5 p.m.
Download Grant Guidelines: HERE
Ready to apply? Go to the Application Portal.
COMING SOON – Working Washington Grants: Round 5; $70 million was appropriated by the legislature for the next round of Working Washington Grants: Round 5, with $45 million of the appropriation directed to eligible businesses and nonprofit organizations in the arts, heritage, and science sectors, including those that operate live entertainment venues. $25 million will be directed at most other sectors, including hospitality, fitness and personal services.

Eligible applicants must meet the following criteria, with additional details to be shared in the coming weeks:
*Active for-profit or non-profit business or organization, with a UBI or EIN number, and physically located in Washington State.
*Be able to demonstrate financial hardship as a result of the COVID-19 outbreak
*Have been in operation prior to December 31, 2020
*Have not reported annual gross receipts of more than $5,000,000 in calendar year 2019Minimum total revenues of at least $10,000 in 2019 or 2020.
*Have not permanently closed or intend to permanently close in 2022
*Applicants must apply for one business only. Those with multiple entities should apply on behalf of their largest or most impacted business.
*Have expenses that are necessary to continue business operations and the expense is not a federal, state, or local tax, fee, license, or other government revenue
*Have experienced a reduction in business income or activity related to COVID-19 or as a result of state or local COVID-19 related public health measures
*Adherence to all required COVID-19 public health measures
*Self-attest that the expense is not funded by any other government or private entity

We Will Include the Link to Apply in Our Newsletters, Social Media and on Our Websites, ChooseClallamFirst.com and Clallam.org when the Grant opens.
Apply now for Building for the Arts grants: The 2023-25 funding round closes June 23The 2023-25 Building for the Arts (BFA) grant application is now open. These grants fund 33% of eligible capital costs up to $2 million for acquisition and major new construction of arts or cultural facilities. Learn more
COMING SOON – Convention Center & Event Supporter Grants: The Washington State Legislature has allocated $5 million for a grant program to assist businesses and nonprofits that are dependent to maintain their operations on the economic activity created through conventions and businesses that support events hosted in Washington state. Information regarding eligibility and criteria will be posted in our newsletters and on our websites ChooseClallamFirst.com and Clallam.org in the coming weeks.
Congratulations to the Three Entities Selected By Congressman Kilmer’s Community Advisory Committee to Be Considered for 2023 Community Project Funding Requests Totaling nearly $9M:

For More Information on the Federal Program and Selected Entities from other Counties, click HERE:
EVENTS: Free Training & Social Events – Online & In Person…
Nonprofit Training Workshop: Covering: How to Update Your Bylaws to Comply with the New Washington Nonprofit Corporation Act by Clallam EDC’s Board Chair, Jennifer Burkhardt, who in her fulltime role serves as Chief HR Officer & In-House Counsel at OMC Board of Directors/Staff responsibilities by Patty Hannah.
When: Thursday, June 30, 2022 from 8:00 AM to 10:00 AM PDT
Where: Dungeness River Nature Center-1943 W Hendrickson Rd Sequim, WA 98382 
For More Information Contact: Lorie Fazio, Business Relationship Manager
Clallam County Economic Development Council lfazio@clallam.org 360-457-7793
Register Now
Clallam EDC Members – Lefties Baseball Night: Take me out to the Ball Game! Members Join Us Wednesday, June 29, 2022 at Civic Field to watch the Lefties take on the Nanaimo’s! First Pitch is at 6:35 PM. All members will be our special guests on the deck behind 3rd baseline.

Please email our Business Relationship Manager Lorie Fazio to reserve your wristbands! lfazio@clallam.org
Register for the Lefties Game
Loan Preparation Webinar by Washington SBDC: How to get ready, so that you can get to a YES! Join us for this webinar where we will talk about what you need to do to be fully prepared for loan conversations with bankers or alternative lenders, so that you can be considered for a small business loan. You’ll also receive a checklist of loan package items, so that you can compile and prepare the best business plan and loan package possible. We’ll discuss what lenders look for, what kinds of loans are available for small businesses, and how to overcome obstacles. We’ll show you how to go through the loan process as your own best advocate! This training is offered as part of the partnership between the Washington Small Business Development Centers and the Kittitas County Chamber of Commerce.

Date: 6/16/22Time: 11:00 AM – 12:00 PM (PDT)
Registration Deadline: 6/16/22 11:00 AM (PDT)
Fee: No Fee
Point of Contact: Washington SBDC Training
Program Format: Online Meeting (Live)Training Topics: Business Financing
Register HERE
From Email to Social Media…Marketing that Coverts Webinar: In today’s world, social media content is essential for connecting with potential customers. Content marketing is a proven strategy to generate ongoing traffic, build trust, and increase sales. However, there’s no one-size-fits-all approach for every business. Join us for this interactive webinar on creating digital content that will help you convert your audience into paying customers. After this webinar, you’ll be able to develop a strategic and achievable plan to stay connected to your audience, attract new fans, and promote your offerings — based on your unique strengths.
Date: 6/23/22Time: 11:00 AM – 12:00 PM (PDT)Registration Deadline: 6/23/22 11:00 AM (PDT)Fee: No Fee Point of Contact: Washington SBDC Training
Program Format: Online Meeting (Live)Training Topics: COVID-19 General Support, Marketing/Sales, Social Media, Technology
Register HERE
Business Growth and Development Webinar: Could you use a boost to keep your business going and growing? If so, join us for this webinar designed to give business owners hope and options to survive and thrive in challenging and normal times. 
Topics include: cashflow management, managing debt, turnaround strategies, survival tips, exit strategies and more. 

Date: 6/28/22Time: 1:00 PM – 2:30 PM (PDT)
Registration Deadline: 6/28/22 1:00 PM (PDT)
Fee: No Fee
Point of Contact: Washington SBDC Training
Program Format: Online Meeting (Live)Training Topics: Business Financing, Cash Flow Management, COVID-19 General Support, Managing a Business
Register HERE
Washington Small Business Development Center (SBDC) is hiring a local Advisor in Port Angeles: Do you know someone that may be great for this important position? SBDC Advisors are employees of Washington State University.
Apply here: https://wsbdc.org/sbdc-business-advisor-multiple/
The Center of Inclusive Entrepreneurship (CIE) is hiring a Community Engagement Coordinator: This position will support our North Olympic Peninsula office.

We’re looking for someone who can engage our stakeholders, funders and clients to build and nurture relationships and community. Dynamic, engaging and fearless are the key qualifications. Please share this with anyone you know who might be a good fit. 
Here’s the listing: https://www.cie-nw.org/careers
OTHER GOOD STUFF…
Resources for Employer Health Insurance for Employees: Are you looking to provide health insurance for your employees? Here are a few Washington State options!
Business Health TrustOne Redmond 
Since 1981, the private, 501(c)(6) nonprofit EDC has been priority-focused on recruiting quality new businesses to Clallam County while retaining the existing businesses and assisting in expansion. The EDC supports companies in creating new jobs and to grow the economy and infrastructure of our rural county and Washington State.

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