Grant Fund Launches to Help Oregon Small Businesses Cover Costs

·On May 26, Business Oregon opened grant funding to provide grants for small businesses to help with commercial rent and operational costs in the face of the COVID-19 pandemic.

Approximately $28 million is available to be distributed in this final round through the Operational Cost Assistance Grant, designed for businesses with 100 or fewer employees in industries that were particularly affected by the pandemic, including those that offer the consumption of food and or drink on premise; provide specified indoor physical exercise, recreational or family entertainment; OR provide specified personal services.

Full details of the program, including eligible industries, is available at Business Oregon’s website. Applications for the Operational Cost Assistance Grant will be accepted beginning May 26, and continue through June 6. The application process is NOT first-come, first-served. Awards will be selected after a random lottery process of all complete and eligible applications received.