The Oregon Legislative Emergency Board allocated $100 million to Business Oregon for a new program to provide financial assistance to small businesses and commercial landlords impacted by the economic hardships caused by the COVID-19 pandemic.
The program provides grants to building owners to cover outstanding lease payments from small business tenants that are behind on rent due to COVID-19. The grants can go up to $100,000 per each business tenant lease, but not more than $3 million for each landlord. The landlord must agree not to evict the tenant for six months and waive any rights to collect outstanding penalties or interest, or enforce eviction clauses related to the delinquent lease payments between March 1, 2020 and February 28, 2021.
The program will open for applications on Monday, March 8. Both the business tenant and property owner will need to participate in the application process and sign the grant agreement, but the initial application needs to be completed by the landlord.
More program information and eligibility details are available on Business Oregon’s website.
As required by Oregon law, the House and Senate committees on Redistricting will be holding a series of ten public “virtual roadshow” meetings to take testimony from Oregonians all across Oregon regarding the redrawing of legislative and congressional district lines. There will be two meetings held in each of the five congressional districts; the agendas for the meetings contain links by which interested citizens can submit written testimony and/or sign up to present testimony orally over Microsoft Teams.
The meeting dates are as follows (with links to the agendas below):
UPDATES FOR the Payroll Protection Program for small businesses (20 or under employees) and Child care providers!
NEW! Small business with 20 or under employees - available Feb. 24-March 10, 2021:
In order to reach the smallest businesses, SBA will offer Paycheck Protection Program loans to businesses with 20 or less employees and sole proprietors only from Wednesday, February 24 through Wednesday, March 10, 2021.
Paycheck Protection Program (PPP):
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Find a lender:
Get matched with a lender
Search for lenders in your area
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Identify a loan:
First Draw PPP Loans: If you have not received a PPP loan before, First Draw PPP Loans are available to you.
Second Draw PPP Loans: If you have previously received a PPP loan, certain businesses are eligible for a Second Draw PPP Loan.
email: Rep.BillPost@oregonlegislature.gov I phone: 503-986-1425
address: 900 Court St NE, H-479, Salem, OR 97301
website: http://www.oregonlegislature.gov/post
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