Grants available to assist Lake Oswego businesses
The City of Lake Oswego is offering another round of assistance grants for local businesses that have been impacted by the COVID-19 pandemic.
Two grants totaling $138,000 from the state will be awarded, with individual grants starting at $2,500.
"The state funds are intended to fill gaps left by other programs and are directed to adversely affected businesses with 10 or fewer employees," the city of Lake Oswego's website read. "Businesses may use the proceeds for any business-related operating expenses."
These grant funds are in addition to the more than $250,000 the city awarded earlier this year in response to those struggling during the pandemic.
The city awarded 118 businesses grants in the amount of either $1,000 or $2,500, depending on the number of employees, to industries including medical, restaurant, personal service and retail. Seventy single-employee businesses received the lower amount and 49 businesses with two or more employees received grants of $2,500 each.
Businesses will be able to apply for up to $5,000 in grant funds per business, based on the number of employees.
Businesses that have received prior federal assistance are also welcome to apply. The application deadline is Oct. 17 or sooner if all funds are disbursed.
Click here for more information and to fill out the application.
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