Financing Programs
Sound Funding
Financing options exist at various levels for businesses at different stages.
Whether you’re an entrepreneur, going through your economic gardening phase, or seeking funds for a multi-million-dollar capital improvement project, there’s a program for you.
- 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.
- City of Tacoma Loan Programs
The City of Tacoma maintains a list of financing planning options to assist businesses in accessing capital.
- 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.
- National Development Council Grow America Fund
The NDC Grow America Fund is a national small business lending program, working with individual Community Partners, to provide financing to growing small businesses throughout the country. NDC operates as a community development lender to support the creation of jobs and the expansion of eligible small businesses in underserved communities, particularly minority and women-owned businesses.
- 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.
- Washington State Funding Programs
Having ready access to capital is essential for business success these days. Whether it’s short- or long-term loans, crowdfunding or even funding to clean up once polluted and unusable lands, Washington State has several funding strategies to help businesses grow and expand.
Ask our experienced staff for a customized proposal.
Sarah Bonds
Vice President for Business Recruitment
Maddie Merton
Vice President for Business Retention and Expansion