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Incentives & Financing

Myra Rd

There are various types of  incentives and financing programs to help your business. Click on the type of program below to view more detailed information. 

City Programs
State Programs

Federal Programs
Private Programs

City Programs

The City of College Place does not currently have a defined financing program for businesses. City staff have filed a couple grants to establish a microenterprise grant and loan program for the College Avenue corridor and is establishing a Historic Preservation program to allow the city to offer special property tax valuation. Please contact Mr. Mike Rizzitiello - City Administrator at mrizzitiello@cpwa.us or (509)-394-8506 for questions regarding local incentives or financing. 

State Programs

Please visit the Choose Washington Incentive & Financing portal for more information on state programs. 

Federal Programs

Economic Development Administration—This office is in charge of leading the federal economic development agenda.

HUBZones—The Historically Underutilized Business Zones (HUBZone) program run by the Small Business Administration (SBA) helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. 

International Trade Administration (ITA)—The ITA strengthens the competitiveness of U.S. industry, promotes trade and investment, and ensures fair trade through the rigorous enforcement of our trade laws and agreements.

New Market Tax Credits—This program encourages investment in low-income communities. 

Small Business Administration—The United States Small Business Administration (SBA) offers business assistance and several types of loans and grants to assist small businesses throughout the country.

Export-Import Bank of the United States (Ex-Im Bank)—The Ex-Im Bank assists in financing the export of U.S. goods and services to international markets.

Private Programs


Traditional banks offer financing options for your business. Visit your local branch officer for more information on business loans. Banks may be able to assist with new market tax credits (NMTC), historic preservation loans, and other financing options for your business. A directory of regional banks is located here. 

Community Development Financial Institute (CDFI)

Several organizations in the State of Washington offers a certified nonprofit CDFI serving urban and rural communities in the Pacific Northwest, specializing in higher risk business loans.

Non-Traditional Loan Organizations