SODO BIA will receive direct allocation from the Seattle Rescue Plan
Mayor Durkan Announces $7.5 Million in Direct Investment in Community to Support Neighborhood Economic Recovery
Investments include at least $1.2 million for community driven projects and up to $225,000 to 28 business districts throughout Seattle
Seattle (August 26, 2021) – Mayor Jenny A. Durkan and the Seattle Office of Economic Development (OED) announced $7.5 million in direct investments to support downtown and neighborhood economic recovery. Over 28 neighborhood business district organizations will receive up to $225,000 in funding to help stabilize small businesses and address community needs. These investments, which are in addition to direct assistance provided to small businesses through the Small Business Stabilization Fund, will support neighborhoods reopen, build e-commerce capacity, activate public spaces, address graffiti and vandalism, and promote community safety and community building events throughout their neighborhoods.
“Too many of our small businesses and neighborhoods have struggled during the pandemic. Since the initial days of COVID-19, we have worked to help small business owners and community organizations help keep their doors open. With funds from the American Rescue Plan Act, we can give our neighborhoods and small businesses the tools to build back better,” said Mayor Durkan. “As Seattle recovers from this pandemic, we must reactivate public spaces, restore neighborhoods, and bring our community back together.”
The Seattle Rescue Plan, launched in May, authorized $22 million in federal American Rescue Plan Act funds to aid Seattle’s local community recovery from the pandemic and the COVID-related economic impacts. The City prioritized funds from today’s announcement for business district organizations, community partners, and equity districts to help address the economic needs of the neighborhoods they serve.