Agency / Department: Hillsboro, OR
Resource: Emergency business support grants and emergency loans for entrepreneurs and SMBs
Details: Starting Monday, March 23, Hillsboro business owners who have been financially impacted by the COVID-19 health and economic crisis will be able to apply for assistance from the City of Hillsboro using the city’s website. The new resources include:
$500,000 in Emergency Business Support Grants — The city will provide grants of up to $5,000 to small businesses and entrepreneurs affected by the coronavirus and containment measures. To qualify, businesses must have a facility located in Hillsboro and a current Hillsboro business license. Priority will be given to businesses with 10 employees or fewer; businesses that are a food and drink establishment, education or daycare facility, or businesses that rely on larger gatherings of people; and businesses that are open and operational, or are closed due to forced closure.
$500,000 in Emergency Loans for Small- and Medium-Sized Businesses — The city is working to set up a low-interest loan program for small- and medium-sized businesses in need of financial support because of COVID-19 containment efforts and government directives for closure or operational curtailment. Details are still being finalized.