The state of Oregon has applied for federal funds to bolster some existing small business financing programs, as well as create new programs that provide access to capital for new and growing Oregon businesses.
While still awaiting final confirmation and federal guidance, this federal program – the State Small Business Credit Initiative (SSBCI) – is expected to provide more than $83 million for Oregon’s small businesses. The funding will be used for programs that offer innovation-related venture capital and venture loans, as well as capital to provide and support more traditional small business lending.
While there are many elements within this upcoming program that are established based on federal regulations, state requirements, or agency program requirements, Business Oregon is expanding its engagement with capital providers, technical assistance providers, and the public regarding how some of these strategies will be executed.
These community meetings will feature presentations from Business Oregon staff where they will present program information, answer questions, and solicit input on certain aspects of the program’s approach.
Virtual Meeting Dates
The first of these sessions will be held on April 7 from 2 to 3:30 p.m., via a virtual Zoom meeting. When you register for this free event, you will be emailed a link to the meeting when it becomes available.
Following the event on April 7, there will be subsequent events focused on more specific elements of the State Small Business Credit Initiative funding opportunity. Sign up to hear about those, and any other communications from Business Oregon related to this federal funding, by clicking here.
