The short application window for small businesses impacted by COVID-19 in Portland to apply for up to $10,000 in emergency grant funding opened Monday. The $2 million grant package, approved by Portland City Council last week, is expected to support at least 150 local businesses who’ve been financially crushed by the virus’ spread.
The public funding is available for business with less than 50 employees that make no more than $2 million in annual gross revenue. According to Prosper Portland, the city development agency overseeing the grant, eligible businesses must be “public facing and directly impacted by new COVID-19 public health requirements” or have experienced at least a 25 percent decline in revenue since Feb 1, 2020.
Leave a Reply