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Lakewood Seeks to Determine Damages from Recent Storms

City of Lakewood Seeks to Determine Damages to Local Businesses from Recent Storms

LAKEWOOD, Wash. — Economic development officials at the City of Lakewood are in the process of determining the extent of damages to local businesses that resulted from the recent snow and ice storm that hit the south Puget Sound region the week of January 16. If the amount of damages reaches a certain dollar threshold, assistance from the U.S. Small Business Administration (SBA) may be available to help businesses recover from the damages.

The city is currently working to determine how many and to what extent businesses in Lakewood incurred “economic injury” as a result of the severe weather. Economic injury is defined as either a loss of revenues due to an interruption in business activity or physical damage to the business’s property.

In order to make the determination, city officials are asking businesses that incurred damages to complete a worksheet that estimates adverse economic impact and property damage. Forms are available under ‘News Updates’ on the city’s website at: www.cityoflakewood.us. Please email completed worksheets to: mperrussel@cityoflakewood.us or mail to: City of Lakewood, ATTN: Melody, 6000 Main Street SW, Lakewood, WA 98499.

These are not applications for funding, but instead are meant to gather information which the city will submit to the SBA. Business owners with questions can call Melody or Becky at (253) 589-2489.

Economic Injury Worksheet