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April 2020 Business Assistance Grant
The City is committed to continuing to serve our Lake Oswego community, keeping the economy moving, and providing essential, well-maintained infrastructure to our residents. In this spirit, on April 2, 2020, City Council approved the use of $250,000 for a one-time Business Assistance Grant Program aimed at assisting Lake Oswego’s small businesses impacted by the COVID-19 crisis.
Grant amounts were set at $1,000 and $2,500 per business based on the number of employees. Applications were accepted on a first-come, first serve basis starting 9 a.m. on Thursday, April 9, 2020. Public announcements of the program were provided through the City’s website, social media, City’s email listservs, an article in the Lake Oswego Review and the Chamber of Commerce listserv.
Due to the overwhelming response and high volume of grant applications, applicants were closed end of business day on April 9.
A total of 118 businesses received grants. All grant applicants have been notified and checks were mailed between April 17, and April 20, 2020.
The grant program was successful in reaching small businesses in all of Lake Oswego’s commercial areas and included businesses representing all sectors of the local economy. Roughly 60% of the grants were awarded to businesses with 1-5 employees.
For a more detailed report on the results of the program, see: Business Assistance Grants 4.21.20 Council Report.
See Frequently Asked Questions for more information on the grant program.
Please check the City’s COVID-19 Business and Employee Resources page for additional resources.