Black Business Association of Oregon Grants and Programs 2024 (US)

Types of Grants

• Inventory Grant:
  • Retail businesses
  • Home Based businesses
  • Restaurants, Caterers, Catering company and Confectioners (bakeries, candy, ice cream)
• Technology Grant:
  • Website development/updates
  • Technology equipment
  • Digital advertising
• Emergency Grant:
  • Weather-related damages
  • Broken windows/doors
  • Graffiti/Sign damage
  • Security/prevention
  • Operation expenses
• Business Credit Program:
  • Benefits
    • Line of credit/Business credit card
    • Access to capital
    • Virtual workshop
• Direct Technical Assistance:
  • Program Benefits
    • Paid Subject Matter Experts (marketing, operations, accounting, etc)
    • 5 hours of 1:1 Coaching
    • Flexible scheduling
  • Criteria
    • Must identify a specific business problem
    • Must adhere to the SME meeting schedule

Funding Information

• Inventory Grant: $5,000
• Technology Grant: $5,000
• Emergency Grant: $5,000
• Business Credit Program: $2,000
• Direct Technical Assistance: $750

Eligibility Criteria

• Must be a for-profit business with at least 51% Black ownership.
• Must have active registration with the Oregon Secretary of State’s Office.
• Must currently operate in Portland, OR (>2 years).
• Must submit the last two years of business tax returns, including Schedule C

Requirements

• Inventory Grant:
  • Replenish/purchase business inventory
  • Payments can be made directly to vendors
  • Submission of “paid” receipts/invoices
• Technology Grant:
  • Complete a 100-point digital audit w/Oregonian
  • Use BBAO-approved website vendor
  • Submit invoices for purchasing/reimbursements of digital advertising
• Emergency Grant:
  • Must submit invoices from vendors
  • Payments made directly to vendors
  • Submit paid receipts/invoices for reimbursement
• Business Credit Program:
  • Business checking account
  • Business savings account
  • Application for line of credit (after setting up business savings)

For more information, visit Black Business Association of Oregon.