April 1st, 2020

Economic Injury Disaster Loan (EIDL)  
The CARES act includes the ability for small businesses to apply for up to $2 million loan and/or a $10,000 grant. If you’ve already applied for EIDL, you can still request the $10,000 grant. Both the EIDL and the $10,000 grant can be applied for with one application to the SBA. Even if you do not accept, or are denied an EIDL loan from the SBA, you do not have the repay the $10,000. You do not have to apply for a loan to receive the grant.Funds are expected to be made available within three days of applying. If you do apply for a loan, the interest rate is 3.75 percent and the loan term is either 15 or 30 year. Loan payments are deferred for one year. The application process is currently open. Visit the SBA Site to apply.

Paycheck Protection Program (PPP)
PPP is intended to cover 8 weeks of payroll or operating expenses such as mortgage interest, utilities, and rent. The maximum loan amount is $10 million and the interest rate is four (4) percent. In order for the loan to be forgiven, you must maintain your payroll for the entire eight week period, and you have until June 30, 2020 to restore your full-time employment. Interested applicants should contact their local lender as they are managing this program, not the SBA. If your lending institution is not participating in the program, you can find a list of SBA lenders here www.sba.gov.  The application process is expected to open on Friday, April 3.More Information
Please Note: Businesses can now apply for both EIDL and PPP

State of Oregon COVID-19 Business Impact Survey Business Oregon, in partnership with Travel Oregon and Small Business Development Centers, would like to help assess how COVID-19 is impacting businesses. Information gathered by this survey will be vital to policy-makers who are working to provide assistance to businesses during this crisis. Individual responses to this survey are completely confidential and will not be shared publicly, only aggregate information will be shared. We are working to target businesses specifically to capture estimated revenue impacts as well as information around canceled events, employee impacts, and more. We recognize that you may be receiving survey requests from multiple agencies and organizations. The intention of this short survey is to serve the needs of businesses impacted by COVID-19. Information gathered by this survey will be vital to policymakers who are working to provide assistance to businesses during this crisis.Thank you for taking the time to complete this survey. In the event you receive this questionnaire more than once, please provide only one response.
Please find the survey link here. The survey will remain open through April 15. Also, resources for businesses impacted by COVID-19 can be found on the websites of Business Oregon, Travel Oregon, and Oregon Small Business Development Center here: 
Business OregonTravel OregonOregon Small Business Association

 

Facebook Small Business Grant Program
Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where they operate. The application process is not open yet and we will share more details as they become available.  More Information

 

Business Oregon
Business Oregon is working diligently to assess and deploy agency resources as best it can in ways that corresponds to the urgent and evolving needs of Oregon businesses, while maintaining a commitment to statutory and fiduciary obligations. Business Oregon has been working with its partners throughout the state to gather up resources available and keeps web content updated daily.  More Information

 

Oregon Community Foundation
A pooled philanthropic fund has been created to deal with fallout from the coronavirus outbreak. Established in collaboration with partners throughout the state.
The Oregon Community Recovery Fund will it will rapidly deploy resources to community-based organizations at the front lines of the outbreak.
The Oregon Small Business Stabilization Fund will provide emergency capital to nonprofit community lenders in both urban and rural communities, increasing these lenders’ capacity to offer low-interest and no-interest loans and technical assistance to small businesses. Small businesses dealing with reduced sales and revenue can use the loans to continue to retain employees until economic activity picks up in a few months.  More Information

 

Portland Community College Small Business Center Help
The PCC SBDC is available to assist you in assessing the appropriate actions for your business. Please email [email protected] if you need assistance in this planning process, or if you have any questions regarding the guidelines.

 

Oregon Health Authority Updates
For up to the date information, OHA has launched a new website for COVID-19 updates. They have moved to a different platform to help prevent website slowness due to high traffic. They are also working to create a page more specifically designed for the information needs of healthcare providers and local public health.

 

Unemployment Information for Your Employees  Here is the latest guidance with regard to employees who are laid off temporarily or permanently as well as information regarding Layoff Aversion Funds. They should file for unemployment insurance (UI) benefits immediately. If the layoff is short term, 4 weeks or less, the employee does not have to search for employment while they are receiving benefits.More Information

 

NW Natural  NW Natural has activated its business continuity plans. Residential and small businesses will not be disconnected if they can’t make payments due to the impacts caused by COVID-19. Customers will continue to receive bills and past due notices. But NW Natural will not send a final shut-off notice and disconnect service.  More information

Reduced Hours Via Work ShareWork Share provides an alternative for larger employers who may be facing the prospect of a lay off situation. With Work Share, instead of reducing staff, an employer reduces the hours of work for a group of workers. Partial Unemployment Insurance benefits are then paid to supplement workers’ reduced wages.More Information

 

State of Oregon Employment Department  The health and safety of workplaces is of utmost importance to the Oregon Employment Department. This information provides general guidance to employers, workers, and job seekers who may be impacted by the COVID-19 virus. This web page will be updated as more information becomes available. The Oregon Employment Department is working with partner agencies nationwide and the U.S. Department of Labor to ask for additional unemployment benefits options related to COVID-19.  More Information

Columbia County Worksource office:
503-397-4995  Please note: The office is currently staffed to receive phone calls but the lobby is not open to the general public.

 

Additional Resources
Oregon Economic Development AssociationGuidance for Economic Developers
Business Oregon Guidance for BusinessesGuidance for Businesses
Oregon Employment DepartmentCOVID-19 Related Business Layoffs, Closures, and Unemployment Insurance Benefits
Center for Disease Control (CDC)Interim Guidance for Businesses and Employers
Grocery AssociationGuidelines

 

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