Tigard offers second round of business assistance grants
The City of Tigard is accepting applications to assist Tigard businesses after securing an additional $1.8 million though state, federal and county funds to assist those impacted by COVID-19.
Business owners can apply for grants that range from $3,000 for small businesses to $7,000 for firms that have five or more employees.
That includes both businesses that have previously received Tigard CARES grants as well as those who have never applied. At the same time, the city is encouraging applications for firms who are owned by, employ or serve Black, indigenous and people of color in Tigard.
All applications will be reviewed and scored based on the following priorities.
• Firms impacted by the COVID-19 shutdown
• Entrepreneurs in need of funding to restart their business
• Traditionally under-served and under-banked entrepreneurs
• Small firms with business income as the primary source of family income
• Firms in neighborhoods with traditionally limited access to resources
• Because Federal funds are being used, businesses must be eligible based on federal rules.
The application window is expected to be open only through Aug. 23 or for as long as funding allows.Awards are expected to be disbursed in mid-August through the city's CDFI partner MESO.
"The Tigard CARES program remains committed to providing grants that help make Tigard a more equitable city. With this new grant opportunity, we are hopeful that we can make an impact in our community and support businesses in Tigard." Lloyd Purdy, City of Tigard Economic Development Manager.
In April, the Tigard City Council passed the Tigard CARES economic development program to speed emergency funding to Tigard businesses in most need of support. Small loans of $1,500 were distributed to 94 recipients. Of those, 51% of recipients were women-owned businesses and 38% were minority owned businesses.
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