New funds have been released for small business emergency grants, and applications are now being accepted.
These funds are local matching dollars leveraged by the city of Newport and Lincoln County for the prior grants approved by the State of Oregon Emergency Board. Newport has $100,000 available for small businesses in Newport, and Lincoln County has another $100,000 for business anywhere else in the county.
Businesses can register for this grant program until Oct. 19 at 11:59 p.m. Eligible businesses will be placed in a lottery and will receive a formal application in the lottery-determined order. They must be for-profit, have 25 or fewer full-time equivalent employees as of the end of 2019, and be located within Lincoln County. Businesses are eligible regardless of having received assistance from any other programs, including PPP and EIDL.
The grant awards will be distributed as a lottery. A pre-screening application will be required for all businesses seeking access to these funds through Community Lending Works (communitylendingworks.org/emergency-grants).
Business can learn more by visiting communitylendingworks.org/emergency-grants-lincoln-county or by calling Community Lending Works at 541-345-0446.