Seattle’s Plan to Anchor Minority Businesses | Seattle News

Seattle’s City Council is rolling out bold new strategies to empower minority-owned small businesses, tackling soaring rents and construction costs that threaten local economic roots. Through “Community Wealth Building,” the city offers everything from startup grants to $2 million loans for property ownership, plus lease support and pilot storefronts to reduce risk. Early wins in neighborhoods like Lake City and Othello show promise, but challenges remain—complex permits, inflation, and lingering pandemic-era foot traffic struggles still weigh on entrepreneurs. The city’s unwavering commitment? Keeping local businesses anchored in their communities to close the racial wealth gap and strengthen Seattle’s economic fabric. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/30c084eca496c070