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June 24, 2020

City of Tacoma

The city of Tacoma's Community and Economic Development Department says it approved 69 small businesses to participate in its $1 million COVID-19 stabilization loan program. Loans averaging about $15,000 were given to the businesses, which have 10 or fewer employees and brick-and-mortar operations. About 36% of the businesses are restaurants and bars and 20% are retailers. The city received 200 applications for the program.




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