Business Alert: Emergency Small Business Assistance Available
New Oregon Small Business Grant Application Opens Tomorrow, Thursday, November 19th
The Oregon legislature and Governor Brown approved $20 million more to Business Oregon’s Emergency Business Assistance Grant Fund. The application for this new round of funds will be available beginning this Thursday on Business Oregon’s website. Applications will be reviewed on a first-come first-served basis. This round makes some changes to previous rounds of grant funding under the program, so that businesses not eligible in earlier rounds can now access grant funding.
The grants are available to small businesses that have seen lost revenue due to the pandemic, and that meet a minimal set of requirements. This round will now consider applications from businesses with 1 to 25 employees that have already received anywhere from $100,000 to $1 million in federal funds (e.g. PPP and EIDL). Businesses with 25 to 100 employees are eligible regardless of the amount of federal resources they received (up to $1,000,000), if they meet other program requirements.
Businesses are eligible to receive up to $200,000 in grant funding as detailed in the grant application. To be eligible, a business must show it was prohibited from operations by the Governor’s Executive Order 20-12, or demonstrate a 25% reduction in sales over a 30-day period in 2020 compared to a comparable period in 2019.
This Thursday, the application form and additional details will be found on Business Oregon’s website in multiple languages. Grants will be reviewed on a first-come first-served basis, and will be allocated so that there is an equitable geographic distribution of funds as dictated by the Oregon Legislature.
Visit Business Oregon’s website here for more information
If you would like to be added to Lane County’s mailing list to receive updates on this program and other funding resources, please submit your contact information through the link below:
Add me to the Lane County Email List
Governor Kate Brown Announces $55 Million in Financial Assistance to Support Oregon Businesses
Governor Brown also announced that the state will commit $55 million in financial assistance to support Oregon businesses who have been impacted by COVID-19 restrictions. These funds will be allocated to counties to distribute to businesses who have been financially impacted, with a priority for the hospitality industry, businesses impacted by the freeze, small businesses, and women, Black, Indigenous, People of Color, and Tribal-owned businesses.
The $55 million in Coronavirus Relief Funds will be allocated to counties, with each county receiving a base of $500,000 plus a per capita allocation of the remainder of the funds. The counties will be responsible for deciding how businesses apply to receive funds and communicating the application process to businesses.
The Governor’s Office anticipates that funds will be distributed to counties within the next several weeks. Businesses who are interested in applying should contact their county for more information.
