Small Business Grant Opportunities
The City of Springfield announced a new small business emergency grant yesterday. Details are below, and the Spanish translation of the announcement can be found here:
Community LendingWorks, Lane County, and the cities of Coburg, Cottage Grove, Creswell, Florence, Oakridge, Springfield, and Veneta have come together to create a new Small Business Emergency Grant Fund to provide additional financial support to help our local businesses through the pandemic.
Eligible businesses must:
- Have 25 or fewer FTE (full-time equivalent) employees as of the end of 2019 and
- Be located within Lane County.
- Importantly, businesses who have received federal dollars, through the Paycheck Protection Program or the Economic Injury Disaster Loan, are able to apply for and receive these grant funds.
To apply, businesses will need to submit a 2019 profit and loss statement along with a 2020 profit and loss statement through at least June 30th. Interested businesses will be able to apply starting Monday, October 5th, at https://communitylendingworks.org/emergency-grants-lane-county/. The application period will close on Wednesday, October 7th.
Grants will be awarded as follows:
- Sole Proprietors – $5,000
- 2-10 FTE – $10,000
- 11-25 FTE – $20,000
Grant recipients will be selected via lottery until all funds have been exhausted. It is anticipated that selected businesses will receive their funds the week of October 12th.
Please direct all inquiries to Community Lending Works.
Thank you and have a wonderful rest of your day,
Vahana Keene
Economic Development Officer
City of Springfield, Oregon
C: 541-513-6102
225 5th Street
Springfield, OR 97477
springfield-or.gov
