Response and Recovery Resources for Oregon
We’re all in this together. As the Pacific Northwest handles dynamic changes to the way it does business, Maul Foster & Alongi, Inc., is looking to find and share opportunities that can help our clients, communities, and region persevere and emerge stronger. For more funding resources, visit our Supporting Northwest Communities page.
Funding Opportunities and Updates | July 14, 2020
Apply for small business technical assistance grants by July 17
The Oregon Emergency Board has allocated up to $3 million in Coronavirus Aid, Relief, and Economic Security Act funding for a competitive grant program. The program is administered by Business Oregon, which is accepting proposals from “culturally competent service providers for grants to extend and enhance the availability of technical assistance to underserved entrepreneurs and small businesses affected by the COVID-19 pandemic.” Applications are due by 11:59 p.m. PT on Friday, July 17.
Eligible applicants include nonprofit organizations and nonprofit trade associations, Chambers of Commerce, Community-Based Organizations, Economic Development Districts, and Small Business Development Centers that operate in areas the meet the state’s definition of “rural.”
To learn more and apply, visit www.oregon4biz.com/assets/docs/RFP/SmBizTAGrantAssistance-Announcement.pdf.
Funding Opportunities and Updates | June 2, 2020
State Economists Predict Significant Budget Hits, Lengthy Recovery
Oregon’s Office of Economic Analysis (OEA) predicts the state budget will take a $2.7 billion hit in the current biennium and a $4.4 billion hit in the 2021-23 biennium. Economists say that, overall, Oregon will see a sharp downturn and that recovery will be gradual, taking years to return the state to its pre-coronavirus economic activity.
The OEA explains in its May report that, after an initial rebound from the lifting of social distancing restrictions, “growth will continue but at a relatively slow pace due to the uncertainty surrounding public health. Firms and households are expected to remain somewhat hesitant and only gradually test the waters. Once business and consumer confidence fully return following available medical treatment or the passing of the pandemic, stronger economic growth will resume, and the economy will fully recover.”
The OEA predicts a sharp recession shorter than the Great Recession because the economy was relatively healthy before the pandemic, and because the federal response “has been swifter and more targeted than in recent cycles.”
Funding Opportunities and Updates | May 14, 2020
Gov. Brown, the Oregon Legislature, and Business Oregon have partnered to provide $10 million in assistance to small businesses adversely affected by COVID-19-related economic conditions. Awards will be made to public entities (e.g., cities, counties, economic development districts, councils of governments) that have or will develop a business assistance program in response to the crisis and are able to meet funding program requirements.
Proposals are due to Business Oregon by 5 p.m. Friday, May 18. Among other requirements, a business must not have received federal emergency assistance under the federal CARES Act or other federal program for emergency pandemic funding.
This is the first of three rounds of funding tied to this program. This round consists of $2.5 million, available up to a one-to-one match to funds in community programs to provide emergency economic assistance to local small businesses. Program awards made to public entities will be structured as forgivable loans.
Click to learn more, including program requirements, application process, and Business Oregon contact information.
The Legislature’s Emergency Board is currently moving through a procedural step that will allow it to formally receive federal funding and allocate it to eligible activities. The Emergency Board, which has the power to allocate state funds when the Legislature is not in session, expects to have about $50 million to distribute in this round. Entities in Oregon that are eligible to receive direct federal funding, such as hospitals, cities with populations over 500,000, and small business lending agencies, have already received available allotments.
The Legislature has not met in a special session, but the Joint Special Committee on Coronavirus Response has prepared Legislative Concept (LC) 29 to outline priority legislative actions to address the most urgent needs for Oregonians impacted by the global pandemic. The concept focuses on housing, food access, personal protective equipment, healthcare access, small businesses, utility assistance, court proceedings, and flexibility in local government processes. LC 29 does not include budget allocations. Read a summary of LC 29.
Gov. Brown’s plan to reopen Oregon relies on four key health metrics: a decline in new infections, availability of protective equipment for health care workers, enough hospital beds to treat victims of the disease, and sufficient testing and contact tracing.