Relief from Cares Act coming for Corvallis-Benton Area

Help is on the way for some small businesses struggling to survive.

Posted: Dec 7, 2020 8:00 AM
Updated: Dec 7, 2020 8:21 AM

BENTON COUNTY, Ore.-- Help is on the way for some small businesses struggling to survive. 

More than $1.2 million will be given out to small businesses in Corvallis and Benton County. The funding is part of $55 million in federal Cares Act money that was given to Oregon to help businesses get back on their feet. 

There is a priority for those in the hospitality industry, rural, veteran-owned, Black, Indigenous, People of Color and Tribal-owned businesses.  The application period lasts until Dec. 13. 

Applications can be found here. 

See below to find out if your business is eligible:

• Businesses that have been adversely impacted by COVID-19 restrictions by demonstrating a one-month decline in sales of 25% or more, resulting from the COVID-19 pandemic, between March 1, 2020 and Nov. 30, 2020, as compared to the same period of time in 2019.
• Have 25 or fewer full-time equivalent employees as of Dec. 31, 2020.
• Be headquartered within Benton County. Benton County businesses located within the Albany city limits (North Albany) may apply.
• Businesses who have received federal or state dollars, through the Paycheck Protection Program, Economic Injury Disaster Loan, Business Oregon, or local Benton County grants are able to receive these grant funds.
• 501(c)(3) nonprofits are eligible.
• Federal and state taxes must be current  with no extensions and no payment plans.

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