ANNOUNCEMENT: Yamhill County 2024 Business Grant Program Launches May 1

Apr 25, 2024

Press Release

Yamhill County Announces Economic Development Competitive Grant Program

April 25, 2024

Contact: Gioia Goodrum, 503-434-7320 goodrumg@yamhillcounty.gov

McMinnville, Or - Yamhill County Announces the 2024 Economic Development Competitive Grant Program will open on May 1, 2024 and close on May 15, 2024. The grants are for businesses located in Yamhill County.

Yamhill County will open the Economic Development Competitive Grant program for businesses located within the county on May 1, 2024. Businesses in Yamhill County are eligible and encouraged to apply for the seven available grants in amounts ranging from $10,000 (5 available), $25,000 (1 available), to $50,000 (1 available).

The Economic Development Competitive Program supports innovation and sustainable growth through strategic investments and partnerships in economic development initiatives and projects that create or retain jobs, generate increased economic activity, and improve the economic and social livability and vitality of communities in Yamhill County.

Economic Development Competitive Grant programs are offered through a competitive process, and applications are open for a limited amount of time.

The County has three grant funds for small business: Start-up Grant; Small Grant; and Strategic Investment Grant. In total, the grants amount to $125,000, with seven grants available in varying amounts. Applicants should apply to only one grant type and must do so before the deadline. Late applications will not be accepted nor considered. Applications must be submitted via the County’s grant submission portal: https://webportalapp.com/sp/yc_comp_grant_2024 which will open on May 1, 2024.

• Start-up Grant is a single grant of $25,000 for a small business that has been in business for more than one (1) and less than two (2) years, in the traded sector and has not received a grant from Yamhill County in the past.
• Small Grants are up to $10,000 for a small business with less than 25 employees and been in business for more than two (2) years. There are five (5) grants available, if each awardee requests and is awarded $10,000. Applicants may request smaller amounts of funding, but not more than $10,000.
• Strategic Investment Grant is a single grant of $50,000 for a business with more than 25 employees and been in business for more than 2 years.

Match Requirement: Applicants are encouraged to demonstrate community commitment and support through matching cash, volunteer time, and/or in-kind donations.

Eligibility: Qualified applicants must be located within Yamhill County, and may include:

• Small businesses in good standing (registered in Oregon with the Secretary of State).
• Non-profit organizations with 501(c)3 or 501(c)6 status as determined by the Internal Revenue Service.
• Educational institutions.
• Local governments (city or town, special districts).

Project period: Projects must be completed within 12 months of the contract/funding start date. Costs incurred prior to the contract/funding start date will not be eligible.

Eligible projects: Projects must be in Yamhill County and have economic development significance, including, but not limited to job creation and retention; business retention, relocation, or expansion; increased private investment; advancing innovation; enhancing manufacturing capacities; providing workforce development opportunities.

Reporting requirements: Grant recipients are required to submit a report to the County’s Economic Development Department on the disposition and use of the funds. The report should include a financial statement, project activities, results and impact of the grant, and sustainability of the project. Reports are due to Yamhill County Economic Development Department no later than December 1, 2024 and again on June 1, 2025. Applicants will be sent a notification by October 1, 2024 and June 1, 2025 with details on how to submit their report.

Yamhill County has historically offered an Economic Development Competitive Grant program to small businesses from lottery funds. The program has been on hold due to the pandemic and other grant programs such as ARPA and CARES Act.

For more information, visit https://www.yamhillcounty.gov/494/Grant-Information or contact Gioia Goodrum at goodrumg@yamhillcounty.gov.

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