Find access to financing.
- City of Tacoma Financing Programs
The City of Tacoma maintains a list of financing planning options to assist businesses in accessing capital.
- Industrial Development Revenue Bonds
Tax-exempt bond financing for employment generating manufacturing facilities is available through the Economic Development Corporation of Pierce County. Eligible costs may include the acquisition of land, new machinery & equipment, construction or renovation of a building, architectural design, engineering work and financing arrangements. Borrower must be credit-worthy and able to obtain banking commitment for private placement to back the bonds. Up to $10 million in bonds can be issued for projects with total capital investment of $2 million to $20 million.
- Minority Business Development Agency
The U.S Department of Commerce Minority Business Development Agency (MBDA) is the only Federal Government agency solely dedicated to the support of minority businesses enterprise.
MBDA Center-Tacoma is 1 of 44 centers providing technical assistance and strategic business consulting to established minority-owned businesses in the Puget Sound region regardless of size.
- Pierce County Loan Programs
Pierce County offers loan programs through a variety of sources to businesses located in or expanding in Pierce County. All loans are made in partnership with bank financing. Staff can also provide other technical assistance to help your business be successful.
- Washington Small Business Credit Initiative
The federal government passed the Small Business Jobs Act in 2010. This initiative allows states to create new programs that are geared specifically to the needs of small businesses. The Washington Small Business Credit Initiative has worked with private financial institutions to create programs to support Washington State small businesses.
Ask us how we can help your business get the most benefit from applicable financing programs.