Home
Focus Areas
About Us
Washington state has been awarded $163.4 million from the Treasury Department to create five new capital access programs for small businesses.
The new funding will be used to launch an updated version of the state's highly successful Small Business Credit Initiative program, which was completed in 2016, reports the Seattle Times.SSBCI leveraged an original $19.7 million investment from the 2010 Small Business Jobs Act into $150 million in new capital for Washington small businesses.
With the federal infusion, Washington will operate five distinct programs underSSBCI 2.0:Micro and mall Business Loan Fund: Assists small businesses with obtaining loans through participating elnders and Community Development Financial Institutions (CDFIs).
Revenue-based Loan Program: Provides access to capital through a revenue-based debt product that focusses on underbanked communities around the state.
Washington State Venture Capital Fund: An equity/venture capital program that provides capital commitments to new venture capital funds with diverse investment teams or that are focused on investing in underserved startups or targeted investment objectives such as climate technologies.
Commercial Real Estate Loan Program: Provides subsidized owner-occupied commercial real-estate loans that could be used for tenant improvements, construction, purchase or refinance.
Small Business Collateral Support Program: Provides small business loans to companies that have trouble qualifying for short-term loans through collateral support Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
The winner of this year's Sustainova Startup Challenge in Saudi Arabia has a message for the rest of the world: "If you want to save the planet, you have to start now." The startup contest,...more
Pakistan's capital is home to more than 200 million people and is expected to see a massive increase in population by 2050 as the country's economy continues to grow at a rapid rate, the BBC...more
"The only way to get us out of the catastrophic mess we are making of our planet, and everything on it, is through our unique ability as a species to be creative and to apply that creativity in the...more
The Philippines' Masungi Geopark Project has been awarded the " biosphere sustainability award" at the 2024 Asia Pacific Social Innovation Partnership Awards in Taiwan. The award "underscores the...more
The FAA has given the green light to what's being called the "blended wing," a design that would dramatically reduce the amount of fuel needed to power a plane, New Atlas reports. The design from...more
Starbucks is taking a stand against single-use coffee pods: The company has teamed up with recycling company Podback to offer coffee pods for recycling at all of its stores in the UK, reports the...more
One of the world's most prestigious prizes for sustainable development is now open for applications. The 2024 Paulson Prize for Sustainability, which is being held in partnership with China's...more
"No single company can change the industry alone, and we continually drive with value chain partners to design for recyclability at the beginning of a product's life cycle so that plastic waste can...more
Foundation: Gates Foundation
The Bill and Melinda Gates Foundation, the Novo Nordisk Foundation, and the Wellcome Sanger Foundation are teaming up to fight some of the world's biggest health problems. The three organizations...more
As the world shifts away from fossil fuels, workers in coal-mining states in India are bracing for job losses, Bloomberg reports. According to a report from the Center for Policy Research,...more
Social Entrepreneurship
Spotlight
Social Enterprise: Reaching Out to the Private Sector for Help
John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.
