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Business Oregon: New Pool of $20M in Grants Go Live Today
Larger firms who were left out of earlier rounds of grant applications, many of which were limited to smaller businesses, may be eligible to apply starting today, Nov. 19 for new funds. Here's a release from Business Oregon, and the following is an excerpt:
Most previous rounds also targeted businesses that did not already receive assistance through the CARES Act (such as PPP, EIDL ...). 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 funding from these federal resources. Businesses with 26 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 theGovernor’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.
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.
$55M Released by Gov. Brown for New Small Business Grants
Business owners need to stay alert for news of a new grant made possible by Gov. Brown on Nov. 17, when she announced a pool of $55M would be made available to counties to distribute themselves to local small businesses. As of the time of this writing, Jackson County was not aware of exactly how much funding they would receive for these grants (somewhere between $500,000 and $1 million). The SBDC will update its website as details emerge and the county prepares its application processes and rubrics. Read the Governor's release, here.
The SOU Small Business Development Center is located at the RCC/SOU Higher Education Center, 101 S. Bartlett Street (between Central and Riverside off 8th Street), in Medford. We offer local business advising for every stage of your business: from idea, to launch, to expansion--even help guide you through an exit or succession plan. Call for an appointment today: (541) 552-8300.
Oregon Small Business Development Centers are funded in part through a cooperative agreement with the U.S. Small Business Administration, and by the Oregon Business Development Department.
SOU Small Business Development Center | 101 S. Bartlett Street, Room 130, Medford, OR 97501