Clackamas County offering new business development grants

Published 7:00 am Tuesday, September 24, 2024

Clackamas County is offering a new Business Development Grants Program for traded sector businesses.

A total of $600,000 is available from state lottery funds, with a maximum of $100,000 of lottery funding for each grant.

The grant program is designed to promote economic development by investing in capital, capacity or workforce development projects for businesses operating in or moving to Clackamas County. The grant funds are available through state lottery dollars assigned to the county.

Businesses may submit applications for a Business Economic Development Grant to the county’s Office of Economic Development.

Applications must be submitted by Oct. 31.

To be eligible to apply, a business must:

• Be a traded sector business – a business trading goods and services outside of Clackamas County and its surrounding regions.
• Have been in existence for at least two years.
• Provide proof of at least 100% match for their funding request.

The applications must be for programs or services that will support economic development, and must:

• Increase production of locally-manufactured goods or delivery of locally-based services.
• Fund either a capital purchase or a workforce development project.
• Support business improvement, relocation, retention and/or expansion efforts.
• Contribute to the Clackamas County’s economic development.

For more information, contact the Office of Economic Development at 4biz@clackamas.us, 503-742-4biz or Office of Economic Development | Clackamas County at www.clackamas.us/business. Completed applications can be submitted via apps.clackamas.us/businessdevelopmentgrants/.