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We know times are hard right now due to the impacts of COVID-19. Reedsport Main Street Program wants Reedsport businesses to know that we are here for them. Below are resources available to businesses.
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New Funding Opportunities
Federal Reserve - Main Street Lending Program
- The Federal Reserve has announced that it is establishing a Main Street Lending Program (Program) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.
Page last updated: May 5, 2020
Help us help you!
Please take this survey to help RMSP determine the local damages to businesses caused by the COVID-19 pandemic so we can figure out how to best serve you.
Regional Resources
- Southwestern Oregon Small Business Development Center - training, loan application assistance, general assistance with questions during this time and connections to other "larger fish" that offer funding assistance (based out of Southwestern Oregon Community College)
- Soutwestern Oregon Workforce Investment Board - SOWIB is a 501(c)3 nonprofit that invests federal and state funds into the workforce in Coos, Curry, and Douglas Counties.
- SOWIB has opened up a PPE supply to business and private citizens to prepare for some of the mask requirements, and for hotels and campgrounds that need them to open. Click here to see and purchase available supplies purchase for reopening.
- SOWIB COVID-19 resources and impact reporting
- South Coast Development Council - SCDC is the South Coast's economic development district, and they are available to help guide you through this weird time for your business and help you determine which resources your business could utilize. SCDC tends to act as a regional first stop for a lot of businesses making inquiries and they can help get you to the right people. Click here for SCDC's COVID-19 page, or Contact Shaun Gibbs at Shaun@scdcinc.org
- CCD (Coos, Curry, Douglas) Business Development Loan - This program is to provide immediate assistance to enable the business time (if eligible) to apply for additional assistance through other programs like the SBA Disaster Loan Program.
- Oregon Coast Visitors Association - Tourism Industry resources and updates during COVID-19
Statewide Resources
- Main Street America COVID-19 Resources - webinars, funding and resources for small businesses
- Take Main Street America's Impact Survey (Para participar en español, por favor haga clic aqui.)
- Business Oregon– Survival tips, Cash flow management, staffing, counseling and general resources
- Oregon Employment page COVID-19 Related Business Layoffs, Closures, and Unemployment Insurance Benefits
- Oregon Office of Workforce Investments Guidance on Uses of Layoff Aversion Funding during COVID-19
- Oregon Economic Development Association – a list of industry-specific resources for businesses in Oregon
- Operation: Main Street - an online economic recovery hub for Oregon Businesses and nonprofits from Senator Jeff Merkley's office.
- USDA Rural Development has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak. Read the full announcement to learn more about the opportunities USDA Rural Development is implementing.
Funding Resources for Small Businesses
- CCD (Coos, Curry, Douglas) Business Development Loan - This program is to provide immediate assistance to enable the business time (if eligible) to apply for additional assistance through other programs like the SBA Disaster Loan Program.
- Facebook Small Business Grants Program - $100M in cash grants available for small businesses
- Opportunity Fund’s Small Business Relief Fund - for small businesses impacted by COVID-19
- Rural Business Development Grant (RBDG) Program - supports targeted technical assistance, training, and other activities leading to the development or expansion of small and emerging private businesses in rural areas
- Cerf+ - emergency assistance available to established artists working in a craft discipline that meet eligibility requirements
Local Reedsport Banks
- First Interstate Bank has info on loans under the Paycheck Protection Program and CARES Act
- Umpqua Bank - Coronavirus assistance info
- First Community Credit Union - FCCU is offering Small Business administration and Paycheck Protection Program loans. More details here.
The CARES Act
**The Trump administration authorized another $310 billion on April 24. Like the first round, funds will likely be used quickly, so turn in your application ASAP**
The largest economic relief package in U.S. history was passed at the end of March and provides multiple resources for economic support for U.S. Businesses.
- US Travel has compiled guidance on what the different parts of the CARES Act means for you and your business. They also provide clear guidance on eligibility around available resources.
