State of Oregon COVID-19 Emergency Business Grant Application
The Oregon Legislature, in partnership with the Governor, allocated $22.5 Million from the Federal CARES Act funds, for the purpose of providing financial assistance to small businesses adversely affected by economic conditions associated with the COVID-19 pandemic that have not received federal emergency assistance under the federal CARES Act or other federal program for emergency pandemic funding.
To fill gaps not reached by other programs, these state funds are directed to adversely affected businesses with 10 or fewer employees
This application is for a business that meets all of the following eligibility requirements:
- The Business is headquartered in Oregon and has its principal operations in Oregon.
- If required by Oregon law to be registered with the Oregon Secretary of State to do business in Oregon, the Business is so registered.
- The Business has 10 or fewer employees.
- The Business was adversely affected in either one of the following two ways:
- For-profit and non-profit (limited to 501(c)(3) corporations) businesses that were prohibited from operation as directed by Executive Order 20-12.
- For-profit and non-profit (limited to 501(c)(3) corporations) businesses that can demonstrate a one-month decline in sales of50% or more, incurred by the COVID-19 pandemic, beginning in the month of March 2020 up to the date of this application as compared against sales in the month of January 2020 or February 2020, or as compared against the same period of time in 2019
- 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 rewarded will be reduced by the amount of CARES funding received. Federal CARES Act funds includes:
- The Paycheck Protection Program (PPP);
- Small Business Administrations’ (SBA) Economic Injury Disaster Loan Emergency Advance program (EIDL); or
- Other federal programs to date for emergency pandemic funding.
The following Businesses are ineligible to apply for or receive funding under the Program:
- Passive real estate holding companies and other entities holding passive investments.
- Non-profit entities that do not have federal 501(c)(3) status.
- Businesses that are delinquent on federal, state or local taxes that were due on or before the date of application.
- Businesses that do not comply with all federal, state and local laws and regulations.
- Businesses that have already received grant funds through this State of Oregon COVID-19 Emergency Business Grant program.
- Businesses that do not otherwise meet the eligibility requirements sets forth above.
Awards to eligible businesses will be made as a grant. The amount of the grant will be the greater of two figures: first based on the number of employees before the COVID-19 crisis (as of February 29, 2020); or the second based on the documented amount of fixed operating expenses for the 60 day period of January 1 through February 29, 2020:
- 1-5 employees
- $2,500, or
- 60-day fixed expenses up to a maximum of $5,000.
- 6-10 employees
Only employees reported to the Oregon Employment Department on Form 132, for Q4 2019 or Q1 2020, will be considered eligible when calculating the number of employees.
Business information, ownership information and demographic information will be reported to the State for all applications submitted, reviewed, approved and/or denied. Information reported includes, but is not limited to:
- Name of company
- Employer Identification Number (EIN)
- Oregon Business Identification Number (BIN)
- Address of company
- Amount of award
- Legal business structure
- # of employees as of February 29, 2020
- # of employees expected to be retained as a result of this award