The City of Keizer, through a partnership with Business Oregon, is making an additional round of pandemic-related business loans available.
City officials will award a total of $90,000 in COVID-19 support loans through $45,000 of city reserves and a matching grant from Business Oregon.
Eligible businesses must be located in Keizer, have 25 or fewer employees, have been adversely affected by Gov. Kate Brown’s Stay Home, Save Lives executive order or have a one-month decline in sales greater than 50% in the month of March or April 2020.
Both for profit and nonprofit organizations are eligible. If a business has accessed federal CARES Act funding, they are not eligible for this program.
The amount of the individual grants will be dependent upon the number of employees and fixed operating expenses, as set by Business Oregon. Grant amounts range from $2,500 to $25,000.
Applications were available on the City of Keizer’s website on Aug. 26. First-round applications will be reviewed on Sept. 9. For more information, visit www.keizer.org.
This loan program represents a new investment of $45,000 in Keizer’s business community. A prior program, offered in June, was established using funds disbursed through a Marion County revenue sharing fund.