Clackamas County is reaching out a financial lifeline to local traded sector businesses through a freshly announced grant program, funded by the Oregon state lottery dollars. These businesses, which trade in goods and services beyond the county lines, now have an opportunity to bolster their operations with a boost of up to $100,000 per grant, drawing from a total pool of $600,000, as reported by Clackamas County.
Applications for the Business Economic Development Grant are being accepted until the rapidly approaching deadline of October 31. According to an announcement on the Clackamas County's website, these grants can be a game-changer for businesses looking to invest in capital purchases, capacity enhancements, or workforce development projects. A few strings attached: eligible businesses must have been operating for no less than two years, and they need to bring to the table a match for the grant request — dollar for dollar.
The county is betting on this program to boost the local economy. By targeting businesses that are ready to increase the production of goods or expand services, the program aims to contribute to broader economic development, and also support business improvement and job creation. Preference will be given to projects that infuse new life into Clackamas County by supporting relocation, retention, and expansion efforts.
