August 30, 2010
NDC’s Grow America Fund Cited as an Example
In an interview with Puget Sound Business Journal writer Kelly Gilblom, the acting director of the City of Seattle’s Office of Economic Development, Stephen Johnson, discussed the City’s efforts to boost its businesses, and the jobs they provide, through readily-available financing. He named the Grow Seattle-King County Fund, administered by NDC’s Grow America Fund (GAF), as one of the City’s initiatives to achieve that goal.
Established in 2009, the Grow Seattle-King County Fund was established with a $2 million joint investment by the Seattle Foundation, the City of Seattle, King County and GAF. Alpha Cine, a motion picture film processing company, was the first Seattle business to tap into the fund, using a unique financing structure to acquire and renovate a new space ideally suited to meet the business’s needs.