Passengers aboard a Boeing 777-300 enjoy interior amenities, several of which come from Washington companies. AIX air show is April 8-10, in Hamburg, Germany. Many co-exhibitors will be STEP grant awardees.
Grant programs
Grant funds support a range of activities – specific initiatives, business expansion, innovative research, and more. They require no repayment, and sometimes include sustainable funding for programs and infrastructure. Progress is monitored to follow progress and final objectives. OEDC grants currently include the following:
The Evergreen Manufacturing Growth Grant: This grant supports manufacturing jobs, research and development jobs, and regional cluster acceleration strategies. There are two application types available for this program: One for individual businesses, and a second for innovation cluster organizations. Read more from the 2024 awardee announcement: www. commerce. wa. gov / commerce-awards-2-million-to-encourage-innovative-business-and-manufacturing-expansion-statewide
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The Industrial Site Readiness Grant: The program offers funding to boost the state’ s portfolio of project-ready sites and attract new investment. It is open to public entities, including cities and counties, port districts, and Native American Tribes. Read more from the 2024 awardee announcement: www. commerce. wa. gov / commerce-invests-2-million-to-accelerate-industrial-site-development-across-state
The Industrial Symbiosis Grant: These grants support collaborative projects advancing the circular economy, funding efforts to find beneficial uses for industrial waste. Learn more by visiting the Choose Washington State Industrial Symbiosis program page: www. choosewashingtonstate. com / why-washington / our-key-sectors / industrial-symbiosis
STEP Grants: Qualifying companies who are new to exports or entering new markets can get up to $ 10,000 to offset expenses. Washington aerospace companies also realize considerable value by partnering with Commerce at our Choose Washington booth for international trade exhibitions, including the Paris Air Show. Learn more on the Export Voucher program landing page: www. commerce. wa. gov / export-assistance / export-vouchers
Business loans
The work of entrepreneurs and small business owners drives our economy. Along with tax incentives and grants, Commerce developed several loan programs to serve the needs of small businesses across the state. This funding is provided through the U. S. Treasury’ s State Small Business Credit Initiative( SSBCI).