Governor Announces $55 Million in Financial Assistance to Struggling Businesses

Date: November 17, 2020

Counties to distribute money to those affected most by the coronavirus crisis

Gov. Kate Brown announced on Tuesday, November 17, that she will allocate more money from the state’s Coronavirus Relief Fund to help struggling Oregon businesses.

“These funds will be allocated to counties to distribute to businesses who have been financially impacted, with a priority for the hospitality industry, businesses impacted by the freeze, small businesses, and women, Black, Indigenous, People of Color, and Tribal-owned businesses,” said a news release issued by the governor’s office.

Each county will get a base amount of $500,000 plus a per capita allocation. Disbursements will start in the next several weeks.

“Our iconic main street businesses have sacrificed too much already in this pandemic,” said Governor Brown. “While we have invested over $100 million in Oregon businesses so far, we must find additional resources to deploy quickly to help businesses that are suffering, particularly our small businesses and those owned by Black, Indigenous, Latino, Latina, Latinx, Asian, Pacific Islander, Native American, and Tribal members. I know that this is not enough. I remain committed to fighting for additional resources at the federal level, including a reauthorization of the important features of the CARES Act, like the Payroll Protection Program and an extension of unemployment insurance benefits.”

 

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