OAR 123-016-0030: Awards of Grants and Loans; Match Requirements

(1) A business firm described in OAR 123-016-0020(1)(a) is eligible for a maximum award of $25,000 from the Fund for business retention services. (2) A public or non-profit, private entity described in OAR 123-016-0020(1)(b) is eligible for a maximum grant of $30,000 from the Fund for business retention services. A public or non-profit, private entity recipient will be required to contribute a minimum of 25 percent of cost of the business retention services in cash. (3) As provided in OAR 123-016-0050, an award from the Fund may be required to be repaid, in whole or in part, if certain conditions are met. (4) In most instances, the department will first approve an award from the Fund to conduct an assessment to determine what, if any, additional business retention services are likely to result in retaining the viable operation of an existing business in Oregon.