|Join Congressman Derek Kilmer on Coffee with Colleen Wednesday July 6, to discuss Economic Development topics such as: |
-Right now, major competitive funding opportunities exist through the Infrastructure Investment and Jobs Act (IIJA). Unlike large urban local governments and wealthy rural locations, our rural local governments do not have in-house grant writers. How can the federal government create equitable opportunities, so that we can pursue this transformative, once-in-a-generation funding stream?
-Many urban and rural tourist communities’ housing prices have skyrocketed in the past year as investors diversified their portfolios out of the stock market. Is the federal government doing anything to help with Clallam’s housing crisis?
-There is a lot of chatter about a possible changeover in leadership in Congress after the election. If that were to happen in the House, how do you think that will affect your ability to achieve your objectives?
-If there is a changeover in leadership, do you think Community Project Funding will go away?
-There continues to be a lot of discussion about certain parts of Build Back Better being taken up and passed by the end of the year.
-Do you think this is a possibility, and if yes, which pieces do you think are most likely be in that legislative package?
Please Join us on Zoom:
Meeting ID: 894 7451 0306
One tap mobile+12532158782,,89474510306#,,,,*187447# US (Tacoma)
Dial by your location – 253 215 8782 (Tacoma)
Upcoming Guests: July 14 – Marsha Massey on Tourism data in Clallam
July 20 – Jamestown EDA on new Developments
July 27 – Olympic Game Farm – Robert Beebe
August 3 – Mike Burnett, Empire Cat on Working Across Generations – Unconscious Bias
August 10 – TBD
August 17 – Bill Dowling from Olympic Workforce Development Council
August 24 – Jan Simon from First Federal Community Foundation
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.
|2022 State Revenues Now Forecasted to Exceed Budgeted Levels by $1.45 Billion!|
Washington’s Economic and Revenue Forecast Council unveiled their quarterly forecast of economic activity and revenues. Attached is a summary of key data and trends from the forecast.
State tax collections are expected to grow by 11.6% between 2021 and 2022. The forecast calls for slower tax revenue growth of 0.5% from 2022-2023. Notably, the Council does not predict a recession but points out that inflation, interest rates, gas prices and the Russia-Ukraine crisis could tip the economy downward.
If this trend continues, the Legislature will enter the 2023 session in a solid fiscal position, particularly with the federal relief funds that remain available to the State. For the Full Report Click Here:
|Important notice to grant applicants! The federal government recently changed its requirements for businesses and organizations receiving federal funds in the form of grants. It no longer uses the DUNS (Data Universal Number System) and has shifted to a new system known as the UEI (Unique Entity Identifier).|
As of April 2022, recipients of grants using federal funds are required to have a UEI, which replaces the DUNS Number. If you don’t have one yet, you may want to apply now.
You may apply for grants without one but cannot receive funds until you have an UEI.
Click here to apply now
Click Here to Learn More
|STILL – 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 2019
-Minimum 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.
|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.
|EVENTS: Free Training …|
|Upcoming Webinar with SBA Seattle and Washington PTAC|
Join SBA Business Opportunity Specialist Ana Singh along with Washington PTAC Counselor and 8(a) graduate Trena Payton for a candid conversation about the 8(a) program covering:
-What it takes to qualify for the program
-What a business owner should consider before they apply
-How to use this program to grow your business
-Bring your questions and be prepared for a robust Q & A session designed to: Answer questions surrounding all phases of the program
-Explain a business owner’s role in making the program work for them
This virtual event is hosted by Washington Procurement Assistance Center (PTAC) and is free to attend, but registration is required. Thursday, July 2810 – 11:30 a.m. Virtual
|OTHER GOOD STUFF…|
|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|
|IRS increases mileage rate for remainder of 2022: In recognition of the recent gas price increases, the IRS made this special adjustment for the final months of 2022 For the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective at the start of the year!|
|May 2022 Unemployment Rates by County: The US unemployment rate is May was 3.6%, the WA state unemployment rate dropped to 3.9%, while Clallam’s was higher at 5.3%. (All rates are seasonally adjusted by Employment Security Department).The Labor force by county snapshot can be accessed here and additional reports in the state’s Employment Security Department’s report library.|
|Grow Your Small Business Through Government Contracting: Did you know the U.S. government is the largest customer in the world? It buys all types of products and services — in both large and small quantities — and it’s required by law to consider buying from small businesses. The government wants to buy from small businesses for several reasons, including:|
-To ensure that large businesses don’t “muscle out” small businesses
-To gain access to the new ideas that small businesses provide
-To support small businesses as engines of economic development and job creation
-To offer opportunities to disadvantaged socio-economic groups
SBA’s Contracting Guide will help you learn the basic requirements, types of contracts, and how to evaluate your small business to see if it has what it takes to win a government contract.
View the guide HERE or contact Lorie Fazio at LFazio@Clallam.org.
|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.|