News, Resources, and Upcoming Virtual Events in this Newsletter:
Governor Inslee Signs ESHB 1368 Today for $2.2 Billion in COVID-19 Relief
More Forgivable Loans for Small Businesses - Applications Close March 31, 2021
Recent OneRedmond Financial Resources Webinars
Construction Alert - Downtown Redmond Link Extension
OneRedmond Presents Grant Program Results to City Council
#RedmondLoveNotes Contest
Welcome New Member BECU!
Fuel the Dragon - Bringing Fund and Support to Small Businesses
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Governor Inslee Signs ESHB 1368 Today Allocating $2.2 Billion in COVID-19 Relief |
Friday, February 19, 2021 Governor Inslee signed ESHB 1368, the Economic Relief Early Action bill, which includes the $240 million in business assistance grants. As always, OneRedmond will assist our small businesses in accessing these resources.
Below are some highlights of the proposal:
- $240 million in small business grants allocated by the Department of Commerce. $120 million of that amount is provided to assist businesses in maintaining their operations and $120 million is provided to assist in reopening businesses that temporarily closed their operations.
- $668 million to school districts, which includes requirements that districts and charter schools submit reopening plans to the Superintendent of Public Instruction and submit academic and student well-being plans, which must address learning loss among students.
- $618 million for vaccine distribution, contact tracing and testing.
- $325 million for direct assistance with rental payments and utility bills.
- $4.7 million for food assistance and $26.3 million for hunger relief organizations.
- $50 million for childcare grants and incentives.
To read the bill sent to the Governor to sign, please click here. To read more, click here for the Patch.com article.
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First and SECOND Round Paycheck Protection Program (PPP) Forgivable Loan Opportunities Closes March 31, 2021 |
Great news for businesses that have not received PPP forgivable loans yet or are ready for a second one! The Paycheck Protection Program loan program (PPP) received funding for a new round of forgivable loans and is now accepting applications. The program is administered by the U.S. Small Business Administration.
Application information: The deadline to apply for a PPP Loan is March 31, 2021. Learn more and apply here. Questions? Please contact Mari Wruble at the Washington SBDC at OneRedmond at mariw@oneredmond.org.
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To view a list of lenders accepting new PPP applications, please click here. (It may take a bit of time to load.)
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Walking Through the 2021 Federal Financial Resources for Small Businesses |
OneRedmond kicked off the new year with a series of educational webinars discussing the latest updates and financial tools available to small businesses. To view the videos and FAQ's from each webinar, click here.
February 11, 2021: Navigating the Updates to Economic Impact Disaster Loan (EIDL), Targeted EIDL Advance and the NEW Shuttered Venue Operators Grant.
February 5, 2021: 2020 Tax Update: How the EIDL, PPP, ERTC, PUA and Regional Grants Will Affect Your Taxes
January 27, 2021: Navigating the Updated PPP Forgiveness Process.
January 21, 2021: Funding Available Under the Economic Aid Act Including PPP.
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Construction Alert - Downtown Redmond Link Extension |
Beginning as early as Monday, February 22, through Thursday, March 4, Sound Transit contractor crews will begin nighttime drilled shafts work near the West Lake Sammamish Parkway eastbound off-ramp. This work will support the construction of the elevated guideway of the future Downtown Redmond Link Extension.
What
Nighttime drilled shafts work for future elevated guideway.
Where
Near West Lake Sammamish Parkway eastbound off-ramp.
When
Monday, February 22- Thursday, March 4, 7 p.m. - 7 a.m
More
Nightly eastbound off-ramp closure of West Lake Sammamish Parkway, 9 p.m.-6 a.m.
Noise from cranes, drilling machinery and associated equipment during drilling, soil removal and installation of steel rebar cages. A noise variance has been obtained to complete this work
Potential for low-frequency vibration during drilling.
Due to inclement weather or unforeseen issues, dates and times are subject to change.
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Contact us
After-hours construction hotline: 888-298-2395
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OneRedmond Presents Small Business Resiliency Grant Program Results to City Council |
On Tuesday, February 16, OneRedmond Executive Director Kristina Hudson presented the results from the Small Business Resiliency Grant Programs to Redmond City Council.
Click here to view the video of the City Council meeting, with the presentation starting at the 55-minute mark until the 1 hour, 36 minute mark.
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Share Your Appreciation Through #RedmondLoveNotes and Win a Prize! |
Valentine's Day may have passed but it's never too late to share your love and appreciation of a family member, your favorite grocery clerk, your favorite park, a first responder, or to Redmond, WA in general! Write a paragraph, a poem, or even a Haiku!
Post on social media and tag #RedmondLoveNotes as well as submit to Events@OneRedmond.org by February 26th to be entered into a contest for fabulous prizes, including an overnight stay at the newly opened Hilton Garden Inn Redmond Town Center! The winner will be announced on March 5th.
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All ages are encouraged to enter!
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Featured New Member: BECU Redmond Neighborhood Financial Center |
Membership with BECU truly makes all the difference. When you become a member, you join a group of people who care about their community and neighbors and do their best to help them succeed.
Right now, BECU is offering a new promotion to new members. Click here to learn more.
To learn more about the BECU at Redmond branch, click here.
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Fuel the Dragon Winter 2021 - Redmond Passport Game |
Our popular passport game that supports local businesses is back! Starting February 26th, play Fuel the Dragon: Redmond Passport Game and support local businesses through March 2021!
Throughout the City of Redmond, shop at over 35 restaurants and retailers and track your purchases to fill your passport game sheet. Drawings for prizes will occur throughout the event from submitted game sheets! The grand prize is an overnight at Archer Hotel Redmond!
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The COVID-19 pandemic is affecting small businesses throughout Washington State, but East King County was the first epicenter of the pandemic in the U.S. Our businesses were hit first, and they were hit hard. The Eastside Recovery Hub was developed to help our businesses and non-profit community pivot and chart a course towards recovery during these challenging times.
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OneRedmond is the City of Redmond, Washington's Economic Development Enterprise, Chamber of Commerce, and Public Foundation all in one. OneRedmond also houses the SBDC, SCORE & the Washington Interactive Network (WIN). |
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OneRedmond
8383 158th Ave. NE, Suite 225
Redmond, WA 98052
Phone: 425.885.4014
www.oneredmond.org
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