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Business Assistance Grants - Applications Now OPEN!
Through two generous awards totaling $138,000 from the State of Oregon (Business Oregon), the City of Lake Oswego continues to have some grant funding available for 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.
Applications reopened on September 21 at 9 a.m. Scroll down for the application link.
Business Oregon Grants
The program provides 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. Businesses may use the proceeds for any business-related operating expenses.
Is my business eligible to apply?
- Do you have 10 or fewer employees?
- Were you required to close under Governor Brown’s Executive Order 20-12? Or was your income reduced by 50% or more during March or April of this year?
- Do you have a current Lake Oswego Business license?
Businesses that have received federal CARES Act funding (e.g. PPP Loans) or other federal and/or county programs funding are eligible to apply. The grant amount awarded will be reduced by the amount of CARES funding received.
Additionally, 501c3 nonprofit businesses are eligible to apply.
Sole proprietors, woman-owned and minority-owned businesses are strongly encouraged to apply. The City of Lake Oswego and Business Oregon are working hard to ensure equitable distribution of funding.
For the application, please have the following information ready:
- Employment Identification Number (Federal EIN)
- Business Identification Number (issued by Oregon Employment Department)
- NAICS Code (as listed on the business’ most recent federal tax filing).
- You may also be required to submit a Profit & Loss Statement for January or February 2020 and one of the months from March to August 2020 that demonstrates a minimum of a 50% drop in revenue.
- If your business has less than 5 employees and you are requesting the full grant amount of $5,000, you will be asked to submit business eligible expenses (such as rent/lease agreement, Oregon Employment Department Form 132 or a copy of recent utility bills) that equal a total of $2,500.
Applications are currently OPEN!
To apply, visit: Business Oregon Grant Application - September 2020
For a complete list of eligibility criteria and application information, visit: State of Oregon COVID-19 Emergency Business Grant