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Governor's Economic Development Strategic Reserve Fund (Washington) is a grant program from the Washington State Governor's Office that funds emergency economic development assistance to prevent closure or out-of-state relocation of businesses and to recruit new businesses to Washington.
Authorized expenditures include workforce development, public infrastructure, technical assistance, environmental analysis, relocation assistance, and planning assistance. Expenditures require demonstrated public interest and are contingent on job creation or retention commitments secured through a contractual arrangement. No more than $3,000,000 per year may be spent on any individual business or facility.
Funds are available only when normal state sources cannot be accessed in time.
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/ RCWs / Title 43 / Chapter 43. 330 / Section 43. 330.
250 Economic development strategic reserve account — Authorized expenditures — Transfer of excess funds to the education construction account. (1) The economic development strategic reserve account is created in the state treasury to be used only for the purposes of this section. (2) Only the governor, with the recommendation of the director of the department of commerce, may authorize expenditures from the account.
(3) During the 2009-2011, 2011-2013, and 2025-2027 fiscal biennia, moneys in the account may also be transferred into the state general fund. (4) Expenditures from the account may be made to prevent closure of a business or facility, to prevent relocation of a business or facility in the state to a location outside the state, or to recruit a business or facility to the state.
Expenditures may be authorized for: (a) Workforce development; (b) Public infrastructure needed to support or sustain the operations of the business or facility; (c) Other lawfully provided assistance including, but not limited to, technical assistance, environmental analysis, relocation assistance, and planning assistance.
Funding may be provided for such assistance only when it is in the public interest and may only be provided under a contractual arrangement ensuring that the state will receive appropriate consideration, such as an assurance of job creation or retention; and (d) The joint center for aerospace technology innovation.
(5) The funds shall not be expended from the account unless: (a) The circumstances are such that time does not permit the director of the department of commerce or the business or facility to secure funding from other state sources; (b) The business or facility produces or will produce significant long-term economic benefits to the state, a region of the state, or a particular community in the state; (c) The business or facility does not require continuing state support; (d) The expenditure will result in new jobs, job retention, or higher incomes for citizens of the state; (e) The expenditure will not supplant private investment; and (f) The expenditure is accompanied by private investment.
(6) No more than three million dollars per year may be expended from the account for the purpose of assisting an individual business or facility pursuant to the authority specified in this section. (7) If the account balance in the strategic reserve account exceeds fifteen million dollars at any time, the amount in excess of fifteen million dollars shall be transferred to the education construction account.
(8) During the 2017-2019, 2019-2021, and 2025-2027 fiscal biennia, the legislature may appropriate moneys from the account to fund programs and grants at the department of commerce. It is the intent of the legislature that this policy will be continued in subsequent fiscal biennia. [ 2025 c 424 s 960 ; 2019 c 415 s 974 ; 2017 3rd sp.
s. c 1 s 975 ; 2015 3rd sp. s.
c 4 s 962 ; 2014 c 112 s 114 ; 2013 2nd sp. s. c 24 s 1 ; 2011 1st sp.
s. c 50 s 956 . Prior: 2009 c 565 s 13 ; 2009 c 564 s 943 ; 2008 c 329 s 914 ; 2005 c 427 s 1 .]
Effective date — 2025 c 424: See note following RCW 9. 46. 100 .
Effective date — 2019 c 415: See note following RCW 28B. 20. 476 .
Effective date — 2017 3rd sp. s. c 1: See note following RCW 43.
41. 455 . Effective dates — 2015 3rd sp.
s. c 4: See note following RCW 28B. 15.
069 . Effective dates — 2011 1st sp. s.
c 50: See note following RCW 15. 76. 115 .
Effective date — 2009 c 564: See note following RCW 2. 68. 020 .
Severability — Effective date — 2008 c 329: See notes following RCW 28B. 105. 110 .
Based on current listing details, eligibility includes: Projects that attract and retain jobs and economic investment in Washington, deliver significant job creation and capital investment, and are accompanied by private investment. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates $500,000 (specific award mentioned) Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.