Urban Business Support Receives $84,000 Grant from the City of Tacoma
Updated: May 10, 2019
Tacoma, WA (5/8/2019) – Urban Business Support (UrbanBiz) is proud to announce the City Council of Tacoma has voted to award Urban Business Support a Community Development Block Grant this year in the amount of over $84,000. These funds will make it possible to conduct free business plan training to existing businesses in five Tacoma neighborhoods: Hilltop, Lincoln, 6th Ave, Stadium, and the James Center. A sixth course will be held entirely in Spanish. The City of Tacoma joins BECU and Timberland Bank as major contributors to UrbanBiz's mission.
Using a state-of-the-art business planning mobile app, the “Business Plan in a Day” program allows business owners to develop a basic business plan in just six hours. Upon completion, these businesses can enroll in an Entrepreneurship Program, a 10-week course covering advanced business, personal finance, and leadership education. The skills UrbanBiz imparts provide the tools for existing small businesses to adapt, survive, and grow in the changing marketplace emerging around them.
Oliver Scott, Executive Director of UrbanBiz, expressed the importance of the grant. “Five thousand small businesses in Tacoma’s gentrifying neighborhoods are in danger of being displaced. We are grateful to The Tacoma Community Reinvestment Authority Board and the City Council of Tacoma for recognizing the need to protect these businesses as anchors in their communities.”
About Urban Business Support
The vision of Urban Business Support (UrbanBiz) is “development without displacement.” We recognize the benefits of economic development in low-income communities, but we aim to curb the negative impacts of gentrification, namely small business displacement and uneven distribution of investment capital. Our mission is to provide local business owners the resources necessary to retain diversity of business ownership in economically developing neighborhoods. UrbanBiz provides business, personal finance, and leadership education to existing small businesses in neighborhoods that are currently or on the verge of experiencing gentrification. The skills UrbanBiz imparts provide the tools for existing small businesses to adapt, survive, and grow in the changing marketplace emerging around them. Find out more at www.urbanbizsps.org or contact Oliver Scott, Executive Director, at firstname.lastname@example.org.