Grant funds to give small businesses big boost in Benton County

A total of $75,000 is available for businesses that have been affected by pandemic but have not received federal emergency assistance under other programs.

Posted: Aug 12, 2020 3:46 PM

CORVALLIS, Ore. – Grant money will be giving small businesses a big boost in Benton County.

A total of $75,000 is available for businesses that have been affected by pandemic but have not received federal emergency assistance under other programs.

It’s part of $10 million approved by the state in May to be distributed among cities and counties in Oregon. Of that, $5 million is coming from the state’s general fund and the other half is from existing programs at Business Oregon.

“These funds are critical for our Benton County businesses,” said Kate Porsche, manager of the Corvallis Benton County Economic Development Office. “This round of funding was intended by the state to fill the gaps not reached by other programs, so it can provide an important boost for eligible businesses that have not received money from federal grant or loan programs.”

Businesses that qualify for grant funds include for-profit companies, nonprofit organizations, sole proprietorships and independent contractors – if they have fewer than 25 employees.

Awards will range from $2,500 to $25,000. The money can be used for business-related operating expenses including rent obligations, utilities, and other costs associated with reopening under state guidance.

Businesses that have received help through the Paycheck Protection Program, Economic Injury Disaster Loan or another federal program are not eligible for grant funds.

Applications will be accepted as long as funds are available. For more information and a link to the application, click here

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