Wednesday, June 30, 2021

Director's Update - June 2021

Small Business FlexFund loan fund and SmartWA tool launch; $15 million for nonprofit relief; Smart Communities Awards nominations

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Welcome back Washington!

This is a historic day for our state. We've all battled hard together to beat back a global pandemic that has taken many loved ones, stretched our community resources and broken too many small businesses. Now as we emerge into a future that is certain to be profoundly different, it's important to reflect and respect the life-changing events we've all experienced, both personally and in our public lives. 

We know our businesses are deeply dedicated to reopening safely and ensuring the health of their employees and customers. Commerce remains committed to a strong economic recovery across all our communities – particularly those that were hit disproportionately hard by the pandemic. But our economic recovery remains tied to our success fighting COVID-19. We hope this milestone inspires anyone who can get their vaccine but hasn't done so yet to take that important step and help us become more resilient now and into the future.


New programs and trusted partners help businesses and nonprofits move forward through reopening and recovery

FlexFund small business loan fund logo

Trust is one our core values at the Department of Commerce.

One of the greatest lessons we've learned during this pandemic is the value of trusted relationships in communicating with and supporting all of the communities we serve.

Small business owners face any number of hurdles in good times, but the past year and a half served to highlight and increase barriers to accessing available assistance programs for many in rural and historically disadvantaged communities. Language, technology, economic status and culture are some of the factors impacting success.

Recognizing and addressing these and other barriers has been a key focus for Commerce and a driving force behind the growing network of trusted partners we've engaged to ensure fair and equitable access to funding and other assistance programs created to serve all of Washington's businesses and communities. These public-private partnerships will continue to play a central role as we begin reopening and reinvigorating our state and local economies.

Small Business FlexFund offers very low interest recovery loans

One key barrier to recovery is access to working capital for small businesses and nonprofits trying to develop and grow, especially those in low-income areas and led by women and people of color. Today, along with Gov. Inslee, we announced the Small Business FlexFund in partnership with several trusted local lending institutions.

We designed the Small Business Flex Fund to provide more equitable access to growth capital for smaller, local businesses and nonprofits, ensuring a greater economic recovery for all of Washington.

The Fund works with and through local Community Development Financial Institutions (CDFIs), which serve under resourced communities and underbanked businesses the Small Business Flex Fund aims to help.

Learn more at www.SmallBusinessFlexFund.org.

SmartWA dashboard and decision tool is one of several Safe Start projects supporting small businesses through COVID-19

Choiceflow ReStart dashboard screen capture

To help small business owners identify the safety protocols most likely to be important to customers, last week we launched a new SmartWA business decision support system and COVID-19 dashboard. The dashboard and decision support system was developed by Restart Partners and its partners ChoiceFlows and Tanjo.ai. The state Departments of Health and Labor & Industries also contributed to the development of the tool. 

We know business owners are committed to reopening safely, and they want their customers to feel confident about visiting in person again. This simple tool can help a business owner understand what is most important to their customers. We appreciate the work of our Safe Start partners to collaborate with diverse business owners and focus on the industries that have been hardest hit during COVID-19.

See the SmartWA app and read more.

Three more nonprofit relief programs award nearly $15 million in grants

Together with three of our trusted partners, Commerce provided three more tranches of nonprofit relief grants in recent weeks, totaling almost $15 million. Nonprofit organizations were hit particularly hard by the pandemic, losing fundraising opportunities and other supports they depend on at the same time need for their services increased.

ArtsFund announced nearly $11 million in critical funding to over 700 nonprofit arts, cultural, science, and heritage organizations; neighborhood associations; sports and recreation nonprofit groups; and veterans service organizations impacted by the pandemic. Learn more about ArtsFund grants 

The Washington Department of Veterans Affairs provided $2.2 million to 31 local organizations serving veterans and their families. Learn more about WDVA grants 

The Washington State Microenterprise Association awarded $1.6 million to 46 nonprofits serving our state's smallest businesses. Learn more about WSMA grants 

Commerce has played a central role in delivering aid and support to businesses, local government, Tribes, nonprofits and struggling households. 

See a summary of all of Commerce's COVID-19 relief efforts here

Road to Recovery

Talking with TVW about helping business, the eviction moratorium, broadband and more

TVW interview screen capture

I had the pleasure of spending a full hour with Inside Olympia's Austin Jenkins on June 3, the first in-studio interview at TVW since the pandemic. It was a great opportunity to discuss how we are helping businesses recover from COVID, the eviction moratorium impact on tenants and landlords, the need for broadband expansion, the state of aerospace and manufacturing in our state and other topics in-depth.

Watch the interview


Nominations are open for the 2020-21 Governor's Smart Communities Awards

Nominations are open for the 15th annual Governor's Smart Communities Awards, a program that recognizes outstanding work by local governments and their partners on long-term community planning and development.

Award winners offer fascinating glimpses into the values and long-term priorities of each community through their plans for how they want to look and function 20 or even 50 years from now.  For one community, it may be an emphasis on supporting agriculture, another may prioritize their downtown redevelopment — all require shared vision, tough decisions and partnerships.

aerial photo of Tukwila Village development

Profile in partnership: 2019 award winner Tukwila Village The Tukwila Village project, last year's winner of the Smart Partnership Award, is a new multicultural and multigenerational community and neighborhood center. The tangible benefits are already visible in the form of commercial spaces, high-density residential housing, shared parking, a new public library and a new public space for community events and gatherings. The pieces of the project fit together and smoothly transition from one use to another. The design requires an ongoing partnership, so the city of Tukwila and its partners took an innovative approach and agreed to jointly form the Tukwila Village Community Development Association (TVCDA). The mission of TVCDA is to improve the social welfare of the local community and residents of Tukwila Village by promoting arts, economic development, education, health, and community building.

Nominations are open through July 27 in six categories, including two new categories recognizing equity strategies and climate change strategies.

LEARN more 


State delegation to ArabHealth 2021

On the road again

Commerce was pleased to lead our first in-person international trade show delegation in over 15 months to Arab Health 2021 in Dubai, United Arab Emirates. Washington state's life science sector is one of the largest in the United States and continues to boom, thanks in large part to exciting, innovative companies such as those represented at Arab Health this month: AlfaPharma, Cardiac Insight, Macro-Eyes and Oasis Diagnostics. Special thanks to Commerce's Small Business Export Assistance team member Karl Dahlgren for leading the charge, and our awesome in-country representatives from OCO Global.

Learn more about Washington's Life Science Sector

This email was sent to ooseims.archieves@blogger.com using GovDelivery Communications Cloud on behalf of: Washington State Department of Commerce · 1011 Plum Street SE, P.O. Box 42525 · Olympia, WA 98504-2525
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