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<p class="MsoNormal" style="mso-line-height-alt:.75pt"><span style="font-size:1.0pt;font-family:"Helvetica Neue";color:white">Today, Business Oregon launched the latest program the agency quickly stood up to serve businesses impacted by the COVID-19 pandemic.
The Agency is using up to $3 million in federal CARES Act funding recently provided by the Oregon legislature to boost organizations that can serve traditionally underserved small businesses across the state.
<o:p></o:p></span></p>
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<span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><a href="https://development.oregon4biz.com/acton/ct/14786/s-03ff-2007/Bct/q-004c/l-0007:27d1/ct0_0/1?sid=TV2%3AtDTliiZqe"><span style="color:#006699">View this message</span></a> in a
browser window.<o:p></o:p></span></p>
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<p class="MsoNormal" style="line-height:0%"><span style="font-size:1.0pt;font-family:"Helvetica Neue";color:black"><a href="https://development.oregon4biz.com/acton/ct/14786/s-03ff-2007/Bct/q-004c/l-0007:27d1/ct1_0/1?sid=TV2%3AtDTliiZqe" target="_blank"><span style="font-family:"Arial",sans-serif;text-decoration:none"><img border="0" width="600" height="110" style="width:6.25in;height:1.15in" id="r-5714142" src="http://development.oregon4biz.com/cdnr/84/acton/cx/39c2/logo73.jpg" alt="Business Oregon logo"></span></a><o:p></o:p></span></p>
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<a name="B1440606249367"></a><span style="font-family:"Arial",sans-serif;color:black">FOR IMMEDIATE RELEASE<br>
July 1, 2020<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-top:12.0pt;line-height:150%"><a name="B1441820668325"></a><strong><span style="font-size:18.0pt;line-height:150%;font-family:"Roboto Slab";color:black">New Funding Launched for Organizations With Ability to Serve Underserved
Small Businesses Impacted by Pandemic</span></strong><span style="font-size:18.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-family:"Arial",sans-serif;color:black">Today, Business Oregon launched the latest program the agency quickly stood up to serve businesses impacted by the COVID-19 pandemic. The agency is using up to $3 million in federal CARES Act funding
recently provided by the Oregon legislature to boost organizations that can serve traditionally underserved small businesses across the state.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:12.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:150%">
<span style="font-family:"Arial",sans-serif;color:black">The program is specifically targeted to serve businesses whose needs are unmet by existing resources and who face systemic barriers to entrepreneurship and small business success. These focus areas include
minority- and women-owned businesses, and rural businesses. The program is aligned to focus on groups identified in
<a href="https://development.oregon4biz.com/acton/ct/14786/s-03ff-2007/Bct/q-004c/l-0007:27d1/ct2_0/1?sid=TV2%3AtDTliiZqe">
<span style="color:#006699">Governor Brown’s Equity Framework in COVID-19 Response and Recovery</span></a>.
<o:p></o:p></span></p>
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<span style="font-family:"Arial",sans-serif;color:black">The program will provide funding for organizations to provide high quality and effective technical assistance for their small business clients. Technical assistance refers to the education, resources,
and guidance provided to entrepreneurs and small business owners to help them start, sustain, and grow businesses.
<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:12.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:150%">
<span style="font-family:"Arial",sans-serif;color:black">The most common types of technical assistance awardees are expected to provide for small businesses include, but are not limited to:
<o:p></o:p></span></p>
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<li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Business plan review and assistance<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Access to capital, loan application support<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Mentoring / cohort business coaching<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Referrals / training<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Financial literacy / credit counseling<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Specialized help – accounting, legal, HR<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Business incubation – access to incubators, low-cost rental space, accelerators<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Technology services – web development, e-commerce<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Succession planning<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3">
<span style="font-family:"Arial",sans-serif">Recruitment and screening<o:p></o:p></span></li></ul>
<p class="MsoNormal" style="mso-margin-top-alt:12.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:150%">
<span style="font-family:"Arial",sans-serif;color:black">This list is not exhaustive and applicants do not need to provide each of the services listed above to qualify as a technical service provider for this program. Business Oregon recognizes that applicants
are best positioned to know what types of technical assistance are needed among the specific communities they support and this program is designed to allow them to help their clients respond and recover from the COVID-19 pandemic.
<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:12.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:150%">
<span style="font-family:"Arial",sans-serif;color:black">The application period opens today, July 1, and applications will be accepted through July 17, 2020. Awards will be based on alignment with program goals, including demonstrated need and past experience
providing similar services.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:12.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:150%">
<span style="font-family:"Arial",sans-serif;color:black"><a href="https://development.oregon4biz.com/acton/ct/14786/s-03ff-2007/Bct/q-004c/l-0007:27d1/ct3_0/1?sid=TV2%3AtDTliiZqe" target="_blank" title="Application Materials"><span style="color:#006699">Application
materials can be found linked here.</span></a><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:12.0pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:150%">
<span style="font-family:"Arial",sans-serif;color:black">Funding offers will be contingent upon successful completion of the application process and negotiation between Business Oregon and funding recipients. All projects must be completed and grant funds must
be expended by December 30, 2020. Unexpended funds will be returned to the U.S. Treasury in accordance with the CARES Act of 2020.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:22.5pt;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:150%">
<strong><span style="font-family:"Arial",sans-serif;color:black">Media Contact</span></strong><span style="font-family:"Arial",sans-serif;color:black">:
<a href="mailto:nathan.buehler@oregon.gov"><span style="color:#006699">Nathan Buehler</span></a>, 503-689-3559.<o:p></o:p></span></p>
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<strong><span style="font-size:9.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black">Business Oregon,</span></strong><span style="font-size:9.0pt;line-height:150%;font-family:"Arial",sans-serif;color:black"> 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
<a href="https://development.oregon4biz.com/acton/ct/14786/s-03ff-2007/Bct/q-004c/l-0007:27d1/ct1_1/1?sid=TV2%3AtDTliiZqe">
<span style="color:#006699">www.oregon4biz.com</span></a><o:p></o:p></span></p>
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<span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">Copyright © 2020 Business Oregon</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><br>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">Our address is
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#006699">775 Summer St NE, Suite 200, Salem, OR 97301, USA</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><br>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black"> </span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><br>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">If you do not wish to receive future emails,
<a href="http://development.oregon4biz.com/acton/rif/14786/s-03ff-2007/-/l-0007:27d1/q-004c/zout?sid=TV2%3AtDTliiZqe">
<span style="color:#006699">update your preferences here</span></a>.</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><br>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">(You can also send your request to
<strong><span style="font-family:"Arial",sans-serif">Customer Care</span></strong> at the street address above.)</span><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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