Small businesses in Seattle have an opportunity to apply for $10,000 relief grants through Comcast RISE
Independent small businesses in Washington are the backbone of our communities, and today, more than ever, they need our help. The ongoing impact of the pandemic has created an incredible need for additional support to keep these small businesses open and thriving. This is especially important for those owned by persons of color.
Nationally, the number of active business owners in the United States fell by 22 percent last year. Locally, according to one recent study, Seattle experienced the second largest decline in offline local commerce spending in the country. But a demographic breakdown paints an even bleaker picture.
The National Bureau of Economic Research estimates the number of working Black business owners plummeted over 40% in 2020. Other minority business owners experienced similar worse-than-average losses, including immigrants (a 36 percent drop). Latinx-owned businesses declined by 32%, and Asian-owned businesses dropped by 25%.
Comcast RISE was created to invest