Pierce County, WA spurs growth in local emerging companies with Business Accelerator
Pierce County, WA Business Accelerator Emerging Companies
The Pierce County Business Accelerator was funded by $5 million in federal ARPA funding. Eligible businesses operate physical locations in the county and earn annual revenues under $325,000. Multilingual trainers work with participants on raising $10,000 in capital to receive up to $10,000 in matching grants from the county. Selected businesses qualify for one year of commercial rent subsidies up to $500 per month and receive technical assistance.
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NACo Achievement Awards: Pierce County Business Accelerator
The pandemic heightened awareness of the lack of access to resources for our underserved communities of color and the fragility of our smallest businesses. This necessitated a focus on building generational wealth in our BIPOC communities through business ownership and entrepreneurship. Pierce County Economic Development Department (PCEDD) utilized $5M of ARPA funds to launch
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