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Emergency Small Business Grant Program Round 3

COVID-19 Emergency Business Grant Round 3

APPLICATION PROCESS NOW Closed!

Program Description

Through a partnership with the State of Oregon, the City of Happy Valley is offering a third round of business grants totaling $115,000. Previously, the City issued more than $450,000 in grants to local businesses in Round 1. Then, a second round provided nearly $20,000 that was provided by the State of Oregon.

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 federal funds are directed to adversely affected businesses with 25 or fewer employees. COVID-19 Emergency Business Grant awards to eligible businesses that have received federal funding will be reduced by the amounts of federal funding received from those programs. Businesses may use the proceeds for any business-related operating expenses.

Business Eligibility

This application is for a business that meets all of the following eligibility requirements:

  • The business is located inside the City of Happy Valley limits.
  • 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 and non profit (limited to 501(c)(3) corporations) businesses that can demonstrate a one-month decline in sales of 50% 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.

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 experience a decline in revenues for reasons other than those caused by the COVID-19 epidemic (e.g. seasonal or cyclical businesses cycles).
  • 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 or from the Statewide Business and Cultural Support Program.
  • Businesses that have received more federal CARES funding (e.g. PPP or EIDL) than available to eligible businesses set forth by this program in this application.
  • Businesses that do not otherwise meet the eligibility requirements set 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: 1) based on the number of employees before the COVID-19 crisis, less the amount of any federal assistance received by the applicant; or 2) based on the number of employees before the COVID-19 crisis and the documented amount of fixed operating expenses for the 60 day period of January 1 through February 29, 2020, less the amount of any federal assistance received by the applicant:

  • 0-5 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.
  • 21-25 employees
    • $12,500, or
    • 60-day fixed expenses up to a maximum of $25,000.

Calculations to determine the number of employees will be determined based on employee headcount as reported to the Oregon Employment Department on Form 132, for Q4 2019 or Q1 2020.

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)
  • Amount of PPP, EIDL or other CARES Act funding awarded to the applicant
  • Address of company
  • Industry/NAICS
  • Amount of State of Oregon COVID-19 Emergency Business Grant award
  • Legal business structure
  • Number of employees as of February 29, 2020
  • Number of employees expected to be retained as a result of this award

Application Timeline

The application process will open at 8:00am on Monday, September 28, 2020. Applications will be reviewed on a first come basis with 50% of the awards going to sole proprietors.

Questions?

Contact Ben Bryant
Assistant City Manger