The City of Tacoma is offering loans to small businesses and nonprofits located in Tacoma to assist with expansion and growth. The City will also be offering grants to small businesses to provide assistance with rent and purchasing assets that will support the business.

Please share this email with anyone you know who may be interested in learning more.

The Applications Launched January 21st 2025

Starting January 21st, businesses can apply for these Community Reinvestment Project (CRP) funded grants and loans. Program details, including FAQs, are now live on the City’s website at City of Tacoma Community Reinvestment Project (CRP) Info – City of Tacoma

Funding Opportunities:

  • Uplift Loan Program: Up to $100,000 available, designed to support businesses with no collateral required.
  • Accelerator Loan Program: Loans ranging from $500,000 to $1,000,000 for established businesses to expand and scale, with flexible requirements.
  • Commercial Rent Grant: Covers up to 50% of one year’s rent, with a maximum award of $25,000, helping businesses reallocate funds toward growth.
  • Commercial Assets Grant: Provides up to $25,000 for acquiring equipment, technology, or other fixed assets that enhance operations and drive sustainability.

These funding programs are designed to create opportunities for businesses to grow, strengthen local communities, and contribute to economic equity. Please don’t hesitate to reach out if you have any questions or need assistance.

Technical Assistance – Support with Preparing Loan and Grant Applications

Golden Gift Consulting is contracted with the City of Tacoma to provide technical assistance to support small businesses and nonprofits with preparing loan and grant applications. We will provide virtual and in-person one-on-one assistance and group sessions.

If you are interested in support for preparing loan or grant applications, submit an inquiry on our website at the following link: https://www.goldengiftconsulting.com/city-of-tacoma-crp-loan-and-grant-ta/

You may also call or text us at (206) 397-7872.

We will reach out to schedule an intake appointment. During this appointment, we will help you determine your eligibility, discuss how we can assist you, and outline the next steps.

Additionally, the City of Tacoma will be hosting in-person info sessions over the next few weeks. Please join us at one of the scheduled sessions below for a comprehensive overview of these funding opportunities and to get answers to any questions you may have.

Session Info Session Dates and Locations Registration

City of Tacoma Reinvestment Project Info Session #1
January 29, 2025, 2–4 pm
Tacoma Little Theater
210 North I St.
Tacoma, WA 98403

Please register for the January 29th info-session at the following link: https://www.eventbrite.com/cc/city-of-tacoma-crp-info-sessions-3971033

City of Tacoma Reinvestment Project Info Session #2
February 6, 2025, 4–6 pm
STAR Center
3873 South 66th St.
Tacoma, WA 98409

Please register for the February 6th info-session at the following link: https://www.eventbrite.com/cc/city-of-tacoma-crp-info-sessions-3971033

Need Assistance?

Looking for assistance with your small business? Please contact us today!