Small Business Grants & Resources
Downtown Corvallis Revolving Loan Fund Program – Applications are now being accepted!
South Corvallis Revolving Loan Fund Program – Applications are now being accepted
Entrepreneurial Development Loan Fund – provides direct loans to help start-ups, micro-enterprises, and small businesses expand or become established in Oregon. This fund fills a niche not provided through traditional lending markets. Find out more here >>.
Advanced Manufacturing Federal Contract Competitiveness Funding (AMFCCF) – Assists small, advanced manufacturing businesses in Oregon by increasing industry competitiveness and supporting the attainment of the compliance standards required for federal contract participation. Grants will be awarded up to 50% of the total project cost with a maximum grant award amount of $150,000 per company. Find out more here >>.
Application Period Closes: December 27th, 2024
The Oregon Department of Agriculture (ODA) Oregon Food Processing Machinery and Equipment Property Tax Exemption Program for Tax Year 2024 – This program offers a valuable property tax exemptions for machinery and equipment used in essential food processing activities, helping you reduce costs while expanding operations.
Find out more here >>.
Application Period: By January 1st, 2025 to ensure timely scheduling and certification; forms submitted and inspected after March 1st, 2025, will incur a late fee.
Monthly Grants & Resources
December 2024 Grant Opportunities
November 2024 Grant Opportunities
October 2024 Grant Opportunities
Stay tuned for upcoming opportunities, and join our mailing list at the bottom of this webpage.
Past Grants & Resources
Benton County Business Recovery Grant Program
In 2023, the Corvallis Benton County Economic Development Office distributed $10,000 grants to 26 small businesses in Corvallis, Philomath, and Monroe for a total of $260,000. Below, you will find some uses and testimonials from our constituents on how the grant dollars benefitted their businesses.
Wild Yeast Community Supported Bakery LLC
Corvallis, OR
“We were happy to receive this grant. Thank you for making these extra-mile but much needed things possible.”
Improvements included:
- Tuition fees for additional training for staff
- Delivery vehicle
- Invested in marketing to increase client base
Philomath News
Philomath, OR
“Thanks to changes in the law for the publication of public notices, Philomath News was named the “newspaper of record” for the city of Philomath and the Philomath School Board “
Improvements included:
- Increased pool for freelance writers and photographers for content
- Purchased printer to print essential affidavits for the City of Philomath, Philomath School Board, Philomath Fire and Rescue District and Hoskins-Kings Valley Rural Fire District
LEOZIE Bookkeeping LLC
Corvallis, OR
“In the latter half of 2023, LEOZIE Bookkeeping LLC experienced substantial growth that would have posed significant challenges without the support of the Grant from Benton County. This assistance enabled us to onboard a part-time employee and engage two contracted professionals to handle crucial year-end bookkeeping projects.”
Improvements included:
- Enhance staff benefits (vacation, paid holidays, medical insurance, matching simple IRA)
- Employee training
- Infrastructure (lighting and heat/cooling)
Peak Electrical
“The biggest help was that we had a fund of money to help us participate in the ODOE Rental Home Heat Pump Project – this project required that contractors carry all the costs of the project upfront before receiving reimbursement (sometimes several months later). This was a financial risk for us and it gave us a much greater peace of mind to have the grant money as essentially “seed money” for this project.”
Improvements included:
- New equipment to expand into ducted heat pumps
- Momentum to bring on employees
Common Fields
Corvallis, OR
“We are so grateful to have received the grant. These funds were vital to sustaining our business through the slow winter months. We are so thankful to be a part of a community that supports local businesses. This type of support means a lot to us and we know it means a lot to many businesses in Corvallis.”
- Staff benefits
- Equipment purchase to diversify food offerings and days offered