MEDFORD, Ore. — The City of Medford is offering another round of grant funding to small businesses impacted by coronavirus — the second wave of grants stemming from cannabis tax revenue.
Small businesses within Medford can apply for one-time funding assistance starting Friday, January 8. This round consists of $250,000 in total funds, approved by the City Council to be pulled from cannabis taxes on December 17.
“Our local businesses continue to face challenges related to the COVID-19 pandemic,” said City Councilor Tim D’Alessandro. “This program aims to offer immediate financial assistance to small businesses in Medford to aid in maintaining their business and workforce.”
Businesses directly affected by the latest mandatory COVID-19 changes are eligible: bars, restaurants, wineries, indoor gyms and fitness centers. They must be located within the Medford city limits, and must have no more than 15 non-owner employees as of March 1.
Grants can be used toward rent or mortgage payments, utility payments, and payroll. The City indicated that assistance will be $3,000 per business.
"As we continue to respond to this evolving situation, the City recognizes the importance of quickly addressing a number of urgent needs and will continue to work closely with our local businesses and service organizations to reduce regulatory barriers and provide access to resources needed during this unprecedented time," the City said.