AUGUST 17, 2023
Grant Applications Open to Support Oregon’s Technical Assistance Providers
Business Oregon has issued a Request for Grant Applications (RFGA) to eligible organizations that provide legal, financial, and accounting technical assistance to businesses owned by socially and economically disadvantaged individuals (SEDI) and very small businesses (VSB) seeking to secure funding from the agency’s State Small Business Credit Initiative (SSBCI) programs. Approximately $2,200,000 in grant funding will be available for technical assistance grants through the SSBCI technical assistance program.
The SSBCI program is structured to incentivize the deployment of capital to small businesses across the state, particularly SEDI-owned businesses and VSBs. In order to receive the maximum amount of SSBCI funding, Business Oregon must meet the SEDI and VSB capital deployment targets established by the U.S. Treasury. The technical assistance providers selected through this RFGA will be a key partner in meeting these goals and helping minimize capital access disparities between SEDI and VSB firms and their counterparts.
This RFGA is expected to result in the selection of three to four technical assistance providers. Organizations selected as SSBCI technical assistance providers will receive funding for three to four years, pending their ability to meet benchmarks that align with the program’s objectives and maximize the state’s allocation of SSBCI funds. The grant range under this RFGA is dependent on the number of awardees and the duration of the contracts but is expected to be between $135,000 and $245,000 per year, per organization.
Business Oregon welcomes applications from eligible organizations that exhibit alignment with the parameters, goals, and values of the program. Applications are due by 11:59 pm PST on Wednesday, October 4, 2023. Late submissions will not be accepted.
For more information and to access the RFGA, please visit Business Oregon’s website.
Media Contact: Amber Nabors, email@example.com
Business Oregon, the state’s economic development agency, invests in Oregon businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy. The agency’s services span rural community development and infrastructure financing; business retention, expansion and recruitment; export promotion and international trade; investments in industry research and development and entrepreneurship; small business assistance; and support for arts and cultural organizations. Learn more at biz.oregon.gov.