Last Updated on August 23, 2023 by Hannah Stevens
The federal government allocates the majority of the budget of more than $15,261.00 million dollars in grants and additional $10,631.00 million dollars of local government funding sources annually into the business sector since small businesses and large corporations make up the backbone of Washington’s economic growth. The state of Washington has 145,612 business establishments, and these are broken down as follows:
Washington Business Sector Breakdown by Size
- 88,625 registered businesses in Washington have 0 to 4 employees. This breakdown includes those who work from home and have sole proprietorship.
- 25,010 registered businesses in Washington have 5 to 9 employees.
- 14,635 registered businesses in Washington have 10-19 employees.
- 11,592 registered businesses in Washington have 20-99 employees.
- 2,992 registered businesses in Washington have 100 to 499 employees.
- Over 2,758 registered businesses in Washington have over 500 employees.
Washington Business Sector Breakdown in Service Industries
- 19,659 registered businesses in Washington are in the Professional, Scientific and Technical Services sector.
- 9,129 registered businesses in Washington belong in the Administrative, Support, Waste Management, and Remediation Services sector.
- 16,080 registered businesses in Washington are part of the Accommodation and Food Services sector.
- More than 16,380 registered businesses in Washington are also service orientated businesses, but are not included in the categories above.
You may also be eligible to apply for grants for small businesses if you work in the agriculture industry. The state of Washington has more than 39,000 farms.
Small Businesses in Washington
It is difficult to start and manage a small business in Washington. More than $110,390,000,000.00 US Dollars is spent on employee salaries/payroll alone in the state, and every year, over 33,490 companies declare bankruptcy. The federal government doesn’t provide grants publicly for expanding or starting a business. However, some small business grants in Washington are given to help business owners start and grow their ventures. Moreover, grant recipients don’t have to repay the government funding. So, it is worth looking into small business grants to help fund your business.
Contact Washington financial aid agencies to apply for business grants.
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state: