News Release from City of Salem
October 20th, 2020 11:30 AM
Salem, Ore. – Additional grant opportunities are now available for local small businesses and non-profits impacted by COVID-19. The City of Salem has approximately $150,000 in Business Oregon grant funding available for Salem businesses and non-profits. Business Oregon also recently made available an additional $1.2M for businesses in the Mid-Willamette Valley. If you are a Salem-area business or non-profit that has not yet accessed this funding, you can do so now.
- City of Salem COVID Grant Funding: If you have not already applied for, or been notified, regarding the Salem’s allocation of Emergency Business Assistance Grants, you can apply online on the City of Salem’s website. Businesses or 501.c3 organizations with 0-25 employees can access up to $25,000, if impacted by the emergency closure order or have experienced a 50% decline in revenue, since March 2020. Businesses that previously received federal loans and grants, including Economic Injury Disaster Loans (EIDL) or Paycheck Protection Program (PPP) funding through the CARES Act, are eligible, but must reduce the maximum grant amount by the amount of CARES Act funding received. Additional funding requirements are available on the City’s website.
- Regional COVID Grant Funding: Businesses and non-profits with 0-25 FTE can access up to $50,000, if impacted by the emergency closure order or have experienced a 25% decline in revenue, since March 2020. Grant awards will not be reduced by the amount in Paycheck Protection Program (PPP) funding/Economic Injury Disaster Loans (EIDL) received, if less than $100,000. Businesses can apply online through Willamette Workforce Partnership.
Businesses can access both City of Salem and Regional COVID Grant Funding if they meet the requirements. To determine if you’re eligible, email SalemGrants@cityofsalem.net or call 503-540-2480 or 503-540-2435. For questions in Spanish, email SalemGrants@cityofsalem.net or call 503-540-2303.
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The Oregon Legislature, in partnership with the Governor, allocated $22.5 Million of federal CARES Act funds for the purpose of providing financial assistance to small businesses adversely affected by economic conditions as a direct result of the COVID-19 pandemic, including three rounds of Emergency Business Assistance Program grants.