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Business Assistance Grants - Now Closed
Through two generous awards totaling $138,000 from the State of Oregon (Business Oregon), the City of Lake Oswego is offering grants to local businesses impacted by the COVID-19 pandemic. This is in addition to the $251,500 in grants the City has already awarded this year.
Business Oregon Grants
The program will provide individual awards starting at $2,500. The state funds are intended to fill gaps left by other programs and are directed to adversely affected businesses with 10 or fewer employees, specifically those that have been unable to receive federal CARES Act funding, such as the Small Business Administration's Paycheck Protection Program, Economic Injury Disaster Loan Emergency Advance program, or other federal or county programs for emergency pandemic funding to date. Businesses may use the proceeds for any business-related operating expenses.
Eligibility Criteria and Applications
Applications are now closed. The City has completed its initial review of the applications and has forwarded a list of prospective awards to the State of Oregon who will validate them. We hope to begin making awards in the mid-August.
- Only those businesses that were required to close under Governor Brown’s Executive Order 20-12, or whose income was reduced by 50% or more during March or April of this year, are eligible to apply.
- The Business has 10 or fewer employees.
- Only those businesses that have not received federal emergency assistance under the federal CARES Act or other federal or county programs for emergency pandemic funding are eligible.
- 501c3 nonprofit businesses are eligible to apply.
- Businesses must have a current Lake Oswego business license.
The City and Business Oregon strongly encourages applications from minority-owned and woman-owned businesses, and sole proprietorships. The City and Business Oregon will work to ensure equitable distribution of the grants.
See the following for grant application, eligibility criteria, and application information in six languages: