The Tenant Improvement grant is in its first year pilot program phase, as we reflect on a successful year we are going to be telling the stories of our winners on the BottomLine Blog.
“Building out a restaurant is a once in a lifetime opportunity for us, we have the resources to only do it once, and we have to do it right.” – Diane Le
With the help of the Seattle Chinatown International District Preservation and Development Authority (SCIDpda), a community development organization dedicated to preserving the neighborhood, Phnom Penh will soon be back. The sisters are hoping for a early March opening date in the new Thai Binh building on South Jackson Street. Diane says SCIDpda’s support and assistance—plus financial help from the Office of Economic Development—has been instrumental in resurrecting the restaurant.
Through building collapse, rising tenant price, and a tragic accident Phnom Penh has endured and persevered based on the core of their success; an excellent product. We are so excited that between the Office of Economic Development and SCIDpda, what great strides were achieved in the reopening of Seattle’s very own Phnom Penh. Read up more about the beloved Cambodian restaurants journey in Seattle Magazines article here.
The City of Seattle’s Office of Economic Development is proud to have contributed to them through the Tenant improvement program, and hope to be able to continue to contribute to preserving the landscape of our beloved neighborhoods.
With the Tenant Improvement Grant pilot, there are only three key questions that needed to be answered to be considered:
Does your business provide goods and services that are important to you neighborhood?
Does your business have funding, but need some final pieces to fill in the financial gap?
Is your business in a neighborhood with a high risk of displacement?
If you answer yes to those questions, you too may qualify for one of our Tenant Improvement grants of up to 100,000. Learn more about our program here.