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Tualatin Awards Small Businesses Grants through Economic Stabilization Fund
(Tualatin, OR) – On Monday, April 13, the Tualatin City Council announced that 54 small businesses would receive grants through the City’s Economic Stabilization Fund.
The Fund is a $250,000 program set up by the City of Tualatin and the Tualatin Development Commission to provide grants to the most economically impacted businesses as bridge revenue during the COVID-19 (coronavirus) pandemic. To be eligible, businesses must have 55 FTE (or equivalent) employees or less; a physical storefront within the city limits of Tualatin; a current City business license; and prove loss of income.
The process generated 143 applications over a one-week application-filing period. Based on total submitted applications, the City of Tualatin identified over $1.3 million in need. Grants ranging from $579 to $10,000 went to 54 businesses currently employing 149 individuals, with an average grant amount of $4,600. Over 75% of funding went to retail, restaurant, services, hospitality, entertainment, and wellness-classified businesses. Of the businesses selected, 44% are minority-owned and 47% are women-owned businesses.
Applicants were notified last week and were able to begin seeking reimbursement as early as Wednesday, April 15.
