.png)
_edited.png)
.png)
TACOMA
COMMUNITY REINVESTMENT PROJECT
Community Reinvestment Project (CRP) is designed to support historically underserved communities and provides grants and loans aimed at fostering business growth, innovation, and resilience in Black, Latino, and Indigenous communities.
Program sponsored by the City of Tacoma, Community and Economic Development and made possible through Community Development Block Grant (CDBG) funding. Consulting services provided by Revby LLC, a small business consulting firm.
Program sponsored by the City of Tacoma, Community and Economic Development and made possible through Community Development Block Grant (CDBG) funding. Consulting services provided by Revby LLC, a small business consulting firm.
_edited.png)
WHAT YOU GET BY PARTICIPATING
Hands-On Learning & Practical Skills: Attend 2 interactive workshops focused on financial and operational capacity building. Walk away with clear, actionable steps to better manage your business finances and daily operations.
-
Up to 8 Hours of Personalized Support: Get direct access to one-on-one consulting tailored to your specific business needs. Whether it’s help with software setup, financial tracking, or operational improvements, you’ll have an expert by your side to guide you.
-
A Tangible Business Upgrade: By the end of the program, you’ll leave with a real, ready-to-use tool or system — like a software implementation, new workflow strategy, or financial management solution — that makes your business stronger and more efficient.
What Community Reinvestment Project
(CRP) offers
The $4 million total allocation will support accessible capital products targeting businesses and communities harmed by the War On Drugs through two loan and two grant programs:
Free Workshops Available!
Workshop Calendar
Made possible through funding from the State Small Business Credit Initiative (SSBCI) Technical Assistance Program managed by the New Mexico Economic Development Department’s JEDI Office.
The mission of the New Mexico Economic Development Department is to Improve the lives of New Mexico families by increasing economic opportunities and providing a place for businesses to thrive.
Loan Programs
Note: Nonprofits are eligible for loans only
Uplift Loan
Collateral-free loans up to $100,000
Designed to serve existing businesses (3+ years in business) that are asset-limited and therefore can’t access “smaller” loans to scale.
Accelerator Loan
Loans up to $1,000,000. Lack of collateral doesn’t preclude eligibility
Designed to fundamentally transform 1–2 long-standing businesses (5+ years in operation) through property/land purchase and/or significant investment into workforce, operations, and capacity.
Grant Programs
Note: Nonprofits are not eligible for grants
Commercial Rent Grant
50% rent match to cover 1-year’s rent up to $25,000
Designed to alleviate the high costs of commercial rent, allowing businesses to reallocate funds toward growth-driving activities.
Fixed Asset Grant
Up to $25,000 to purchase necessary assets for business growth/stability
Designed to support capital investments in equipment and infrastructure that can lead to long-term business growth and operational efficiency.
How It Works
Submit Your Application:
-
Applications are open now and close in March 2025. Submit through the Submittable platform: Application Information
Information Sessions:
Join us in person to learn about eligibility, application tips, and funding opportunities.
-
January 29, 2025 Register for this session
-
February 6, 2025 Register for this session
One-on-One Support:
-
Get up to 20 hours of personalized assistance, including help with application narratives, balance sheets, and more.
Contact Revby:
-
Connect with the Revby Team for free expert assistance to simplify and strengthen your application
Loan Programs
Note: Nonprofits are eligible for loans only
Uplift Loan
Collateral-free loans up to $100,000
Designed to serve existing businesses (3+ years in business) that are asset-limited and therefore can’t access “smaller” loans to scale.
Accelerator Loan
Loans up to $1,000,000. Lack of collateral doesn’t preclude eligibility
Designed to fundamentally transform 1–2 long-standing businesses (5+ years in operation) through property/land purchase and/or significant investment into workforce, operations, and capacity.
Loan Programs
Note: Nonprofits are not eligible for grants
Commercial Rent Grant
50% rent match to cover 1-year’s rent up to $25,000
Designed to alleviate the high costs of commercial rent, allowing businesses to reallocate funds toward growth-driving activities.