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Grant fund launches to help Oregon small businesses cover COVID-19 costs


The following article was submitted from Business Oregon on Monday.
This Wednesday, Business Oregon will open the final portion of a program to provide grants for small businesses to help with commercial rent and operational costs in the face of the COVID-19 pandemic.
The Oregon Legislative Emergency Board allocated approximately $100 million for the program to help small businesses impacted by the pandemic and the restrictions it necessitated. Following two rounds of distribution of Commercial Rent Relief assistance grants, approximately $28 million remains to be distributed in this final round through the Operational Cost Assistance Grant.
The grant is designed for businesses with 100 or fewer employees in industries that were particularly affected by the pandemic, including those that: ....

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Applicants outpace Oregon commercial rent relief by $15M


SALEM — Hundreds of commercial landlords and tenants who applied for state funding to cover unpaid rent went away empty-handed last month — a disappointment worth approximately $15.5 million.
Oregon s Commercial Rent Relief program is set to hand out $49.9 million to property owners after the first round of grant funding closed on March 22.
Applications outpaced cash, with the requests totaling $65.4 million.
The results aren t unexpected: Oregon hasn t had a commercial eviction moratorium in place since the end of September 2020, and business owners in arrears had until March 31 to make up the back rent.
But state data released to Pamplin Media Group shows those applicants with empty pockets — more than 350 business owners in total — are all located in the Portland metro area. ....

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