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07/13/2020 - KEDA Partners with Kitsap County to Adminster Small Rental Relief Grants 360-377-9499 | 2021 NW Mhyre Road, Suite 100 | Silverdale WA 98383 | www.kitsapeda.org NEWS RELEASE (KEDA) Embargoed until July 13, 2020, 8:00 AM Contact: Theresa Mangrum 360-479-3712 mangrum@kitsapeda.org KEDA Partners with Kitsap County to Administer Small Business Rental Relief Grants The Kitsap Economic Development Alliance (KEDA) is partnering with Kitsap County to administer KITSAP CARES Small Business Rental Relief Grant Program a small business grant program made possible by federal CARES funds. Kitsap County has committed up to $880,000 for small business assistance using federal CARES funding. $750,000 to be awarded to businesses in Unincorporated Kitsap County and $130,000 to be awarded to those within incorporated Kitsap County cities. (Incorporated cities in Kitsap County may offer separate funding opportunities.) These funds must be fully distributed by October 31, 2020. The intent of this grant is to reimburse business related commercial rent or lease expenses paid between March 1, 2020 and date of grant application. Kitsap County Commissioner, Ed Wolfe expressed the Commissioners’ intent in allocating these funds for small business relief: "The impacts of COVID-19 have severely impacted our small business community. The Commissioners want to help our businesses begin their recovery and this program is one small part of that commitment." Each business may receive up to $5,000 based upon eligible COVID-19 impacts. Program details, eligibility requirements and application timeline and process are available at www.KitsapCaresSmallBiz.com Three Phased Application Process: Applications will be accepted via an online application which will go live at noon on each of three predetermined dates (July 21st, August 4th, and August 11th). Funds will be awarded on a first-come-first- served basis to eligible businesses. Phases 1 and 2 apply to businesses physically located in unincorporated Kitsap County. Phase 3 applies to businesses physically located in Kitsap’s Incorporated Cities. All applications will be reviewed for consistency with all eligibility criteria and verified for application requirements. Incomplete applications will not be considered. • Phase 1: July 21st for Unincorporated Kitsap County ($375k – 75 awards) • Phase 2: August 4th for Unincorporated Kitsap County ($375k – 75 awards) • Phase 3: August 11th for Incorporated Cities ($130k – 26 awards) Grant Review Webinar: July 17th at 11:00 AM KEDA is offering an informational webinar on Friday, July 17th at 11am to review eligibility and application requirements. Applicants are strongly encouraged to participate to ensure a successful and timely application. Visit www.KitsapCaresSmallBiz.com to register. Please address questions to info@kitsapeda.org with Kitsap CARES in the subject line. # # # For more information on Kitsap Economic Development Alliance, visit www.kitsapeda.org About the Kitsap Economic Development Alliance The Kitsap Economic Development Alliance (KEDA) is a private nonprofit 501(c)(6) corporation providing client- based professional business and economic development services. Founded in June 1983, our goal is to attract and retain jobs and investments in Kitsap County that generate wealth, enhance the quality of life and embrace future generations. # #