Infographic explaining How the South Corvallis Revolving Loan Fund Program Works. Three sections with a central money bag icon. 'What is it?' describes a loan program supporting new and existing businesses in the South Corvallis Urban Renewal District, focused on boosting commercial investment and economic vitality. A circular badge indicates 'Application Now Open' with a megaphone icon. 'Who can apply?' lists eligibility: Businesses located within the Urban Renewal District, and Startups or existing businesses looking to grow, improve, or invest. 'What it funds:' includes Building repairs & restoration, Exterior upgrades, Window & door improvements, Interior renovation & build-out, Plumbing & electrical work, New construction, and Sustainability projects.

South Corvallis Revolving Loan Fund Program

The Corvallis Urban Renewal Agency has approved a new Revolving Loan Fund Program aimed at supporting new and existing businesses and encouraging commercial investment in the South Corvallis Urban Renewal District. The 2025 application is now open!

Overview

Open Date: June 1st, 2025
Close Date: Undetermined
Location: South Corvallis – see map for zones (under review, may change by application open date)

South Corvallis RLFP Zones Map

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Revolving Loan Fund Application

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Learn about our other incentives.

Commercial Property Assessed Clean Energy (CPACE) Downtown Corvallis Revolving Loan Fund Program Multi-Unit Property Tax Exemption (MUPTE) Enterprise Zone Tax Increment Financing (TIF) – Urban Renewal