Business Oregon announces new Covid relief grant


CDBG-CV Statewide Emergency Small Business & Microenterprise Grant Program
Application opens 8 a.m. Jan. 23

The Oregon Business Development Department has partnered with CCD Business Development Corporation, a private nonprofit economic development organization, to administer and process the $3 million dollars allocated to the CDBG-CV Statewide Emergency Small Business & Microenterprise Grant Program. This program is funded with federal grant funds from the Oregon Community Development Block Grant program CARES Act funding for communities affected by COVID-19.

Grant limits
Grant sizes will be between $2,500-$30,000 per business
  • Micro-enterprises whose owner qualifies as low- or moderate-income (LMI) can qualify for up to $10,000
  • Small businesses can qualify for $2,500 per LMI employee retained, up to $30,000
 
Timeline
Applications will be processed on a lotter basis at the time of application closure:
  • Applications open Monday, Jan. 23, 2023
  • Applications closed Friday, Jan. 27, 2023
  • Awards expected mid-February, 2023
  • Funding expected early March, 2023


Who Is Eligible?
  • A Business that has been in business for a minimum of one year prior to March 8, 2019
  • A Business impacted by COVID-related public health restrictions – Loss in Revenue, Mandated Closures, Workforce Issues, Supply Issues, Etc.
  • A Business generally stable/strong prior to the crisis.
  • A Business that is considered a microenterprise (5 or fewer employees, owner is low-moderate income level based on their 2021 Personal Federal Tax Return) Please see the 80% line in the chart, below,  to determine if all owners with 20% or greater ownership in the business fall within the low-moderate income level as defined by the Department of Housing and Urban Development.  
  • A Business that employs low-moderate income level individuals. To determine low-moderate income level compare the 80% line in the chart below to the single family size using only the income earned by staff at your organization.
Required Program Documentation Checklist:
  • 2019, 2020, and 2021 Business Federal Tax Return or Full Personal Tax Return if filing a Schedule C.
  • 2022 Business In-House Profit & Loss Statement (January 2022 – October 2022 time period)
  • If Corporation, Copy of the Articles of Incorporation stamped as “filed” by the State and By-Laws.
  • If Limited Liability Company (LLC), Copy of the Articles of Organization stamped as “filed” by the State and Operating Agreement (not applicable for single member LLCs)
  • If Partnership, Copy of the Partnership Agreement.
  • Business NAICS Code – This can be found on your business tax return as “business code” or you can be looked up through the NAICS site via “Keyword Search Here” www.naics.com.
  • Unique Entity ID – If you do not have a UEI, one can be requested through www.SAM.gov. For detailed instructions, please use the UEI Quick Start Guide and SAM.gov provided step-by-step video detailing how to request a UEI.
  • Most recent Oregon Form 132 Quarterly Filing, or two consecutive pay stubs for each qualifying employee (only applicable if certifying based on employee income)
For anyone who owns 20% or more of the business, the following additional documents will need to be provided:
  • 2021 Personal Federal Tax Return
  • Copy of valid Driver’s License
  • Statement of Experience or Resume
  • Personal Financial Statement (Completed within the online application.)  We are encouraging you to have this information written down or available prior to completing the application.
  • Family Income Certification (Completed within the online application.)
  • Duplication of Benefits Certification (Completed within the online application.)  This will include providing what you have received in assistance/aid to date: Grant or Loans, Amount Received, Date Received, Use of Funds. We are encouraging you to have this information written down or available prior to completing the application.
Your SBDC is here to help.

For personal assistance in determining eligibility or planning your application, schedule a no-cost business advising session today.
Oregon Small Business Development Centers are funded in part through a cooperative agreement with the U.S. Small Business Administration, and by the Oregon Business Development Department.