Small Business Flex Fund raises an additional $40 million to support Washington state small businesses
15 Oct 2021
OLYMPIA, Wash., Oct. 15, 2021 /PRNewswire/ -- The Small Business Flex Fund hit a milestone this week, having now raised a total of $70 million in committed capital that will benefit small businesses and nonprofits, particularly those in underrepresented communities, across the state of Washington.
Launched earlier this summer, the Small Business Flex Fund is a public-private partnership aimed at helping small businesses and nonprofits recover from the impacts of the COVID-19 pandemic and grow their business again. It began with a $30 million contribution from the Washington State Department of Commerce and has since raised an additional $40 million from Heritage Bank, JPMorgan Chase and WaFd Bank.