The purpose of the financial assistance award will be to develop a technical assistance program to support early stage entrepreneurial business enterprises in issaquah, washington

The Washington Technology Industry Association (WTIA), doing business as WSA, received a $630,010 project grant award from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024).

The grant will support WTIA's delivery of technical assistance services to early-stage entrepreneurial businesses in Issaquah, Washington from October 2021 through September 2024. Specifically, WTIA will conduct outreach and recruitment of client firms, deliver entrepreneurial training and education, and facilitate peer-to-peer mentoring connections among technology entrepreneurs in the state. The intended outcomes are to increase the financial capacity and efficiency of client firms so they can invest in their local communities, leading to more jobs and income. The grant aims to strengthen the regional technology entrepreneurship ecosystem.

Activities

Performance of outreach to and recruitment of client firms. Delivery of entrepreneurial training and education services of client firms. Facilitate the ability of client firms that have developed sufficient resources to grow in scale. Coordination of peer-to-peer mentorship connections among entrepreneurial firms in washington state.

Expected outcomes

The region will develop the resources to assist entrepreneurial firms, which will increase their financial capacity and improve their efficiency. The entrepreneurs will have the ability to invest in their communities. The impact of the investment will lead to more employment opportunities and personal incomes for the region's workforce.

Intended beneficiaries

Local entrepreneurial firms, financial capital investor