Business Oregon has partnered with CCD Business Development Corporation to administer a $3 million Small Business and Microenterprise Grant Program.
Eligible Businesses:
- A microenterprise (five or fewer employees) or small business (five-1,500 employees) that:
- Was in business prior to March 8, 2019
- Can document COVID-19 impact (lost revenue, mandated closures, workforce issues, supply complications, etc.)
- Was generally stable/strong prior to the crisis.
- Has an owner and/or employees who meet low- and moderate-income (LMI) criteria
- Grant sizes will be between $2,500-$30,000 per business:
- Microenterprise whose owner is LMI can qualify up to $10,000
- Small businesses can qualify for $2,500 per LMI employee retained, up to $30,000
Applications will be processed on a lottery basis at the time of application closure. CCD will begin accepting applications on Monday, January 23.
