Ballard Fire Business Relief Fund
The support from the Ballard community and beyond has been nothing short of amazing. In less than 48 hours, the campaign has raised nearly $65,000 from more than 450 donors to benefit the businesses affected by the October 7 fire.
The Ballard Alliance is assembling the “Ballard Fire Relief Fund Advisory Board.” This advisory board will be comprised of Ballard business owners and employees that were not affected by the fire as well as members of the Ballard Alliance Board of Directors.
The advisory board will meet later this week to create a method for fund disbursement to affected businesses and employees in a timely manner.
The GoFundMe campaign will continue for the foreseeable future and will be managed by the Ballard Alliance. The advisory board will continue to make disbursement decisions in the weeks ahead as new funds are raised.Background:
On October 7, a devastating fire destroyed several small businesses on Market Street in Ballard. Local small businesses are the backbone of the Ballard neighborhood and the loss is felt by the Ballard community.
The Ballard Alliance has established this Go Fund Me Campaign to benefit the businesses affected by the October 7 fire. In addition, the Ballard Alliance pledges $5,000 in support of the cause. Due to the overwhelming community support - and as the extent of damage is being understood - we have increased our goal to $85,000.
All of the businesses that have been affected by the October 7 fire are members of the Ballard Alliance. In addition to raising funds to support the businesses and employees who have been affected by the fire, the Ballard Alliance
is also working with the business owners, property owners and various city departments to help ensure a successful recovery.Process and Plans for Funds Disbursement
The funds raised through the Ballard Fire Business Relief Fund will be disbursed to the affected businesses and employees that have been displaced by the fire. In response to the generous outpouring of support through the GoFundMe campaign, the Ballard Alliance has created the Ballard Fire Relief Fund Advisory Board
. This board has the sole purpose of assessing needs and distributing funds in a timely manner to the affected businesses and employees. The advisory board was approved by the Ballard Alliance Board of Directors as part of their fiduciary responsibility to the organization and management of the Ballard Fire Relief Fund.
The Ballard Fire Relief Fund Advisory Board has met twice in the last week and it intends to begin disbursements to employees of affected businesses within the next week. Support for the businesses will be determined in the weeks ahead, once there is a clear understanding of the coverage provided by the various insurance policies associated with each business.