WASHINGTON (KTVZ) — Rep. Greg Walden, R-Ore., mentioned the U.S. Division of Commerce, Financial Growth Administration has introduced a collection of CARES Act grants for Oregon’s Second District, together with in Bend, Pendleton, Enterprise, The Dalles, Medford and Klamath Falls.
This funding is a results of the CARES Act, which Walden helped usher into legislation in March.
“At present’s announcement is welcome information for Oregonians and the state’s economic system.,” Walden mentioned Thursday. “This funding is a results of the CARES Act that Congress handed into legislation earlier this 12 months, and I’m glad to see Secretary Wilbur Ross distribute these wanted funds throughout Oregon’s Second District.
“ This cash will present financial assist to small companies throughout Oregon as they rebuild and get well from the financial hardship they face on account of COVID-19,” the congressman added.
“I sit up for persevering with to work with the Trump Administration to make sure that Oregon receives the assist vital to guard Oregonians, fight this lethal virus, and get our communities up and working,” mentioned Walden.
This funding will assist entrepreneurs and small companies throughout Oregon which were financially impacted by COVID-19.
The EDA grants for Oregon’s Second District embrace:
- $2.2 million for Central Oregon Intergovernmental Council, Bend, Oregon. This funding will assist financial alternatives for small companies in Criminal, Deschutes and Jefferson counties.
- $1.1 million for Better Jap Oregon Growth Company, Pendleton, Oregon. This funding will assist financial alternatives for small companies in Gilliam, Grant, Harney, Malheur, Morrow, Umatilla and Wheeler counties.
- $935,000 for Northeast Oregon Financial Growth District, Enterprise, Oregon. This funding will assist financial alternatives for small companies in Baker, Union and Wallowa counties.
- $847,000 for Mid-Columbia Financial Growth District, The Dalles, Oregon. This funding will assist financial alternatives for small companies in Hood River, Wasco and Sherman and the Washington counties of Klickitat and Skamania.
- $616,000 for Southern Oregon Regional Financial Growth, Inc., Medford, Oregon. This funding will assist financial alternatives for small companies in in Jackson and Josephine counties.
- $550,000 for South Central Oregon Financial Growth District, Klamath Falls, Oregon. This funding will assist financial alternatives for small companies in Klamath and Lake counties.
Scott Aycock, supervisor of neighborhood and financial improvement for COIC, mentioned the funds can be used to assist a revolving loan fund for small enterprise loans, with an emphasis on COVID-19 restoration. He mentioned they’re recruiting a loan officer to handle this system, just like an emergency loan fund provided in May and June.