Seattle Tenant Improvement Program
Seattle Tenant Improvement Program
Seattle OED
ABOUT THE GRANT
The Seattle Tenant Improvement Program provides Seattle small businesses with forgivable loans of up to $50,000 to fund exterior signage upgrades or commercial equipment purchases. Administered by the Seattle Office of Economic Development (OED) in partnership with Grow America, the program offers two award packages: a Signage Package of up to $15,000 for the purchase of new exterior signage, and an Equipment Package of up to $50,000 for commercial equipment purchases. Awards are issued as 0% interest forgivable loans that convert to grants after the business remains in operation for one year following the final draw and meets its public benefit commitment, effectively functioning as a grant for qualifying businesses. To be eligible, businesses must be for-profit and independently owned (no franchises or chains), located within Seattle city limits, have been operating for at least two years, employ fewer than 50 full-time equivalent employees, operate no more than two locations, generate annual gross revenue below $2 million, and demonstrate a clear public benefit to the community such as job creation, supporting events, or donating meals. Applicants must also have a signed commercial lease with at least three years remaining. Applications are evaluated on equity, viability, project readiness, and community impact, with priority given to projects serving high-displacement-risk neighborhoods and to businesses owned by Black, Indigenous, people of color, or women. Nonprofits, home-based businesses, and adult entertainment businesses are not eligible.
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NOTES
Please note: the deadline for this grant has passed but this is an annual program. Historically the application window has been open from the beginning of March through mid-April.
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