Emergency Small Business Grant Program Round 2
COVID-19 Emergency Business Grant Round 2
APPLICATION PROCESS IS NOW CLOSED
The City of Happy Valley previously issued more than $450,000 in grants to local businesses. Through an additional $35,000 provided by the State of Oregon, the City is offering a second round of grants.
The Oregon Legislature, in partnership with the Governor, has partnered with cities and counties across the state to provide financial assistance to small businesses adversely affected by economic conditions associated with the COVID-19 pandemic.
To fill gaps not reached by other programs, these state funds are directed to adversely affected businesses with 25 or fewer employees, and only those that have been unable to receive federal CARES Act funding, including the Small Business Administration’s Paycheck Protection Program, Economic Injury Disaster Loan Emergency Advance program, or other federal programs for emergency pandemic funding to date. Businesses may use the proceeds for any business-related operating expenses.
The 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 25 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 businesses that can demonstrate a one-month decline in sales greater than 50% in the month of March 2020 or April 2020 as compared against sales in the month of January 2020 or February 2020. Those non-profit businesses (limited to 501(c)(3) corporations) that can demonstrate a decline in revenue greater than 50% across the months of March 2020 and April 2020 as compared against the same period of time in 2019.
- The Business that has been unable to access federal CARES Act funds including:
- 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 before April 1, 2020.
- 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.
Business Award Amounts
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
- $5,000, or
- 60-day fixed expenses up to a maximum of $10,000.
- 11-15 employees
- $7,500, or
- 60-day fixed expenses up to a maximum of $15,000.
- 16-20 employees
- $10,000, or
- 60-day fixed expenses up to a maximum of $20,000.
- 20-25 employees
- $12,500, or
- 60-day fixed expenses up to a maximum of $25,000.
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
The application process will open at noon on Monday, July 20, 2020. Applications will be reviewed on a first come basis with 50% of the awards going to sole proprietors.
Contact Ben Bryant
Assistant City Manger