Comcast has announced a $3 million grant program targeting small businesses in King County, offering crucial financial and technological resources to help entrepreneurs overcome current economic challenges. Through the Comcast RISE program, 100 local businesses will receive comprehensive support packages designed to enhance their operational capabilities and economic resilience.
The grant package includes a $5,000 monetary grant, technology infrastructure upgrades, creative production services, media scheduling, educational resources, and business consultation. This multifaceted approach addresses the significant economic pressures facing small businesses, particularly in light of recent inflation concerns highlighted by the U.S. Chamber of Commerce.
According to recent data, 58% of small business owners report inflation as their top concern, with over one-third expressing apprehension about revenue generation. The Comcast RISE program directly targets these challenges by providing targeted support to help businesses stabilize and grow.
Seattle Mayor Bruce Harrell emphasized the program's importance, noting that small businesses are fundamental to the city's economic and social fabric. By creating jobs and contributing to neighborhood vibrancy, these enterprises represent a critical component of the local economy.
Eligible small businesses in King County can apply for the program between May 1-31, with winners to be announced in August. Community partners such as the Bellevue Chamber, Greater Seattle Business Association, and Seattle Metropolitan Chamber of Commerce will provide information sessions to help businesses understand the application process.
King County is one of five regions selected by Comcast for this grant initiative, which has already supported 14,000 entrepreneurs nationwide since its launch in late 2020. The program is part of Comcast's broader Project UP initiative, aimed at creating digital opportunities and supporting business growth.
By offering a holistic approach to business support, the Comcast RISE program represents a strategic effort to strengthen local economic ecosystems during a challenging economic period. The grants provide small business owners with critical resources to invest in technology, marketing, and operational improvements, potentially helping them navigate current economic uncertainties and positioning them for future success.
