Small Business Grants & Resources
Downtown 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 >>.
Inclusive Backing Grant Program – As small businesses continue to feel the impact of the pandemic, many still need support to keep their doors open. To back underrepresented small business owners as they navigate the pandemic and plan for long-term success and resilience, American Express is partnering with Main Street America to launch a $1.65M year-round program called Inclusive Backing. As part of American Express’ Backing Small initiative, the program will provide hundreds of underrepresented small businesses with financial support as well as other resources to address their critical needs and challenges. Details on future grant cycles will be announced in early 2022. Find more information here >>
Monthly Grants & Resources
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
Newsletter
Enter your email address to receive all news, updates on new arrivals, special offers and other discount information