GRANTS PASS, Ore--- The Rogue Community College Small Business Development Center is providing new emergency COVID-19 grant funding for Josephine County small businesses.
Eligible Josephine County small businesses can now apply for a new round additional grant funding.
RCC says the key change in this round is that small businesses that have previously received less than $100,000 in prior COVID-19 relief grants/loans can potentially apply for additional grant funding.
The new round of funding is open now throughout Jackson and Josephine Counties. Time is limited for the deployment of an additional pool of $250,000 in the region and businesses are urged to apply today.
The deadline to apply is November 11, 2020.
The application is available at www.soredi.org/covid/
You can also call 541-773-8946.
Round 4 of funding comes with a new set of eligibility requirements, which opens the door for more businesses to apply. It also allows some prior awardees to get additional funds. Small businesses will be eligible under the following conditions:
• The business or 501c3 non-profit is in Jackson or Josephine County.
• The business is actively registered with the Oregon Secretary of State, if required by Oregon law.
• The business has 25 or fewer employees.
• The business can demonstrate a one-month decline in sales of 25% or greater. (Any month between March 1, 2020 and August 31, 2020 compared to same month in 2019) The business has not received over $100,000 in federal funding (PPP, EIDL)
To distribute the funds, SOREDI is partnering with its counterpart agency, CCD Business Development Corporation (CCD) which successfully received a fourth round of Emergency Business Assistance Grants from Business Oregon. The purpose of the program is to provide financial assistance to small businesses adversely affected by economic conditions associated with the COVID-19 pandemic. The State of Oregon has allocated $17.5 million statewide in Round 4.