Seattle Made works to connect manufacturers and producers to the resources they need to work and thrive in Seattle, including production space, access to capital, workforce, and business development.
In 2016 we held a series of “speed coaching” events that included experts to help members understand the different forms and sources of capital that are appropriate for their type and stage of business, prepare their company to raise money, and connect with potential sources of capital. Check out our events calendar for similar upcoming opportunities in 2017
In 2015, we partnered with the City of Seattle, Seattle Bank, and BECU to create the Seattle Made Matching Fund, that matched 0% loans sourced by our members from their community using Community Sourced Capital’s crowd-lending platform. For example, if a member needed $20,000 to purchase new equipment to expand production – and could raise $10,000 of through his community of customers, vendors, etc. – the Matching Fund would match the remaining $10,000 at the same terms. This innovative pilot program helped five small Seattle-based manufacturers raise nearly $100,000 from over 200 residents and the Matching Fund partners.
Seattle Made is a partner with the Seattle Office of Economic Development’s Business Retention and Expansion Program and through this partnership, we can provide direct assistance to manufacturing businesses to help them grow and compete. Services include help with navigating local government; free consulting (business planning, strategic planning, marketing strategies, cash flow, inventory cycle, budgeting, etc.); access to non-traditional business loans; workforce development; and assistance with reducing utility usage.
One of the biggest challenges for urban manufacturers is finding affordable space. Along with our governmental, business, and institutional allies, we are exploring options for meeting the needs of our growing base of small manufacturers and producers. Also in the pipeline is a program designed to support manufacturers as they navigate Seattle’s industrial real estate landscape, from searching for the right space to negotiating a lease to finding shared production space.