[OMS_MANAGERS] Update on Additional Business Funding through Business Oregon
Todd Carpenter
toddecarpenter at gmail.com
Thu Nov 19 15:25:53 PST 2020
wow... it says it's closed already :( 22 minutes? or did it even open?
On Thu, Nov 19, 2020 at 8:13 AM STUART Sheri * OPRD via OMS_MANAGERS <
oms_managers at omls.oregon.gov> wrote:
> FYI – update on the funding that opens today through Business Oregon
>
> *From:* LIEBE Annette * GOV
> *Sent:* Wednesday, November 18, 2020 4:57 PM
> *To:* LIEBE Annette * GOV <Annette.LIEBE at oregon.gov>
> *Subject:* Central Oregon Economic Development Committee: Additional
> Business Funding
>
>
>
> From Carolyn Meece, Regional Development Office for Business Oregon:
>
>
>
> As I hope you have heard, Business Oregon has been awarded $20 million
> more to assist Oregon small businesses, the announcement is below this
> email. The application portal for small businesses will open tomorrow and
> I don’t think it will take long to get subscribed/oversubscribed. Please
> be aware that this is my best information as of right now. I am hoping you
> will help me get this information out to small businesses.
>
>
>
> - The portal should be opening tomorrow (maybe late morning or early
> afternoon).
> - These funds are the $20 million from EBoard/CARES funds. The $55
> million is a separate pot and will be awarded to Counties.
> - This will be on a first come/first served basis with a geographic
> overlay and open until somewhat oversubscribed.
> - We expect the portal to close quickly, *maybe* 24 hours?
> - There are two parts to the process. The application and the follow
> up information.
> - *The application will be relatively simple and needs to be complete**
> as soon as possible once portal opens**. Make sure all questions are
> answered and boxes are checked. Here are some suggestions of info to have
> on hand w**hen completing** the application (please understand I
> haven’t seen the application, so am taking best information of what will be
> needed):*
> - *Company name as registered with SOS, address, & phone number*
> - *Information from form 132 to provide hours to get to FTE. FTEs
> will be used, not specific employee numbers.*
> - *PPP, EIDL & EIDLA awards amounts.*
> - *BIN*
> - *EIN*
> - *NAICS*
> - *Info on any business owner(s) that hold 20% or more in the
> company. Name, address, phone # & SSN.*
> - After eligibility of company and completeness of application are
> determined, follow up documentation will be requested and include:
> - Financial statements (P&L/Income Statements) for comparable
> periods in 2019 and 2020 demonstrating a 25% decline in revenues/sales
> (between March 1, 2020 and August 31, 2020) unless the business was
> required to close under Executive Order (EO) 20-12 and EO 20-65
> (revenue/sales verification waived for these businesses).
> - Loan documents for PPP & EIDL loans.
> - Oregon Employment Department (OED) Form 132 to verify employment
> (Q4 2019, Q1 2020, Q2 2020 *or* Q3 2020).
> - This information will need to be returned no later than December
> 1, 2020.
>
>
>
> We expect and are targeting to have these funds fully deployed and out to
> small businesses by December 15 (payments to businesses will be batched
> daily as applications are completed and awards are finalized).
>
>
>
> Please let me know if you have any questions and I’ll see if I can get
> answers!
>
>
>
> Sincerely, Carolyn
>
>
>
> *Carolyn Meece, CEcD*
>
> Regional Development Officer
>
> *Business Oregon | **www.oregon4biz.com* <http://www.oregon4biz.com/>
>
> 503-704-1311 mobile
>
>
>
> [image: Business Oregon Facebook]
> <https://www.facebook.com/BusinessOregon> [image: Business Oregon
> Twitter] <https://twitter.com/BusinessOregon/> [image: Business Oregon
> LinkedIn] <https://www.linkedin.com/in/carolyn-meece-1170b6b/>
>
>
>
> [image: Sig_Mask]
>
>
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>
> As the economic impacts of the pandemic continue, the Oregon legislature
> and Governor Kate Brown have allocated millions more in grant funding for
> Business Oregon to deliver into the hands of small businesses across Oregon
>
> View this message
> <https://development.oregon4biz.com/acton/ct/14786/s-044e-2011/Bct/q-000c/l-0007:9d/ct0_0/1/m?sid=TV2%3A1dyxHZ6rz>
> in a browser window.
>
>
>
> [image: Business Oregon logo]
> <https://development.oregon4biz.com/acton/ct/14786/s-044e-2011/Bct/q-000c/l-0007:9d/ct1_0/1/l?sid=TV2%3A1dyxHZ6rz>
>
> FOR IMMEDIATE RELEASE
> November 18, 2020
>
> *More Grants to Help Oregon Small Businesses are on the Way*
>
> Salem, OR — As the economic impacts of the pandemic continue, the Oregon
> legislature and Governor Kate Brown have allocated millions more in grant
> funding for Business Oregon to deliver into the hands of small businesses
> across Oregon. On Monday, November 9th, the Emergency Board of the Oregon
> Legislature approved $20 million more to Business Oregon’s Emergency
> Business Assistance Grant Fund. This funding and program are separate from
> the $55 million in funds the Governor also announced this week.
>
> This grant fund has already put approximately $25 million out into the
> community through four rounds of funding. The first four rounds were
> allocated from Business Oregon to intermediary lenders such as cities,
> counties, Community Development Financial Institutions (CDFIs), and
> Economic Development Districts (EDDs), who in turn granted the money to
> individual businesses. With this new round, Business Oregon is able to fund
> businesses directly. The grants are available to small businesses that have
> seen lost revenue due to the pandemic, and that meet a minimal set of
> requirements.
>
> “This funding is timely, as we face the sharp increase in COVID-19 under
> this new wave of the pandemic,” said Business Oregon Director Chris
> Cummings. “These grants can help our small business owners today, but to
> get back to business in the long haul we’ve got to do what it takes now to
> stop the spread of this virus.”
>
> This round makes some changes to previous rounds of grant funding under
> the program, so that more businesses can access the funds. Businesses with
> up to 100 employees can apply, whereas previous funding was limited to
> those with up to 25 employees, to ensure smaller businesses could access
> the funds first.
>
> Most previous rounds also targeted businesses that did not already receive
> assistance through the CARES Act (such as PPP, EIDL, City of Portland Small
> Relief Program, the Oregon Cares Fund for Black Relief + Resiliency and
> other programs funded with CARES Act funds). This round will now consider
> applications from businesses with 1 to 25 employees that *have* already
> received anywhere from $100,000 to $1 million in funding from these federal
> resources. Businesses with 26 to 100 employees are eligible regardless of
> the amount of federal resources they received (up to $1,000,000), if they
> meet other program requirements.
>
> Businesses are eligible to receive up to $200,000 in grant funding as
> detailed in the grant application. To be eligible, a business must show it
> was prohibited from operations by the Governor’s Executive Order 20-12
> <https://development.oregon4biz.com/acton/ct/14786/s-044e-2011/Bct/q-000c/l-0007:9d/ct2_0/1/l?sid=TV2%3A1dyxHZ6rz>,
> or demonstrate a 25% reduction in sales over a 30-day period in 2020
> compared to a comparable period in 2019.
>
> Tomorrow, Thursday November 19, the application form and additional
> details will be found on Business Oregon’s website
> <https://development.oregon4biz.com/acton/ct/14786/s-044e-2011/Bct/q-000c/l-0007:9d/ct3_0/1/l?sid=TV2%3A1dyxHZ6rz>.
> If the application is not yet posted in the morning, a time estimate will
> be provided on the web page. Grants will be reviewed on a first-come
> first-served basis, and will be allocated so that there is an equitable
> geographic distribution of funds as dictated by the Oregon Legislature.
>
> The application portal will close once applications totaling $25 million
> in requested grants are received. Business Oregon will reopen the portal if
> any funds remain after reviewing those initial applications for eligibility.
>
> Additional resources and information on COVID-19 response can be found on
> the department’s website
> <https://development.oregon4biz.com/acton/ct/14786/s-044e-2011/Bct/q-000c/l-0007:9d/ct1_1/1/l?sid=TV2%3A1dyxHZ6rz>,
> and the Governor's COVID-19 web page
> <https://development.oregon4biz.com/acton/ct/14786/s-044e-2011/Bct/q-000c/l-0007:9d/ct4_0/1/l?sid=TV2%3A1dyxHZ6rz>
> has the latest guidance.
>
> *Business Oregon*, the state's economic development agency, invests in
> Oregon businesses, communities, and people to promote a globally
> competitive, diverse, and inclusive economy. The agency's services span
> rural community development and infrastructure financing; business
> retention, expansion and recruitment; export promotion and international
> trade; investments in industry research and development and
> entrepreneurship; small business assistance; and support for arts and
> cultural organizations. Learn more at www.oregon4biz.com
> <https://development.oregon4biz.com/acton/ct/14786/s-044e-2011/Bct/q-000c/l-0007:9d/ct5_0/1/l?sid=TV2%3A1dyxHZ6rz>.
>
>
>
>
> *Media Contact*: Nathan Buehler <nathan.buehler at oregon.gov> 503-689-3559
>
>
> ------------------------------
>
> *Business Oregon,* the state's economic development agency, invests in
> Oregon businesses, communities, and people to promote a globally
> competitive, diverse, and inclusive economy. The agency's services span
> rural community development and infrastructure financing; business
> retention, expansion and recruitment; export promotion and international
> trade; investments in industry research and development and
> entrepreneurship; small business assistance; and support for arts and
> cultural organizations. Learn more at www.oregon4biz.com
> <https://development.oregon4biz.com/acton/ct/14786/s-044e-2011/Bct/q-000c/l-0007:9d/ct1_2/1/l?sid=TV2%3A1dyxHZ6rz>
>
>
>
> Copyright © 2020 Business Oregon
> Our address is 775 Summer St NE, Suite 200, Salem, OR 97301, USA
>
> If you do not wish to receive future emails, update your preferences here
> <http://development.oregon4biz.com/acton/rif/14786/s-044e-2011/-/l-0007:9d/q-000c/zout?sid=TV2%3A1dyxHZ6rz>
> .
> (You can also send your request to *Customer Care* at the street address
> above.)
>
>
>
>
>
--
Thanks,
Todd Carpenter
PO Bo 2688
The Dalles, OR 97058
Cell: 503-705-2889
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