Regional Incentives

Regional Strategies

The RS loan program is made up of several small loan funds that were originally created to increase business start-up and expansion capital.  These funds have evolved to provide financing for land/building acquisition, new construction, equipment/fixtures/machinery, inventory, and supplies.

Loan Range: $1,000-$100,000
Terms: 1-20 Years
Rate: 7.50% Minimum
Service Area: Baker, Gilliam, Grant, Harney, Malheur, Morrow, Wheeler

 

Contacts

Oregon Economic Development

Category: Regional

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The EDA fund is designed to provide financing that will create or retain jobs, expand businesses, and assist in the creation of viable businesses within distressed communities.  This fund provides financing for land/building acquisition, new construction, equipment/fixtures/machinery, inventory, supplies, and/or working capital. Loan Range: 33% of projec... Learn More
The City of La Grande, through its Urban Renewal Agency, has funding available to assist Downtown building rehabilitation and renovation projects within the Urban Renewal district. It is the City’s intent to use Urban Renewal funds to match with private sector funding to incentivize an... Learn More
Is there free money to get my new business started? No, there is no free money. There are however many loan programs, incentives and resources available that Grant County Economic Development can help you navigate and get set up. For more information, call us at 541-575-1555. Learn More
Check the link for more information. Learn More
The MICRO loan fund provides financing for land/building acquisition, new construction, equipment/fixtures/machinery, inventory, supplies, and/or working capital. Loan Range: $1,000-$100,000 Terms: 1-20 Years Rate: 7.50% Minimum Service Area: Gilliam, Grant, Harney, Malheur, Morrow, Umatilla, Wheeler   Learn More
The MCEF was established in 2003 to provide funding assistance for businesses within the county. Funds are typically used for permanent financing for real estate or equipment purchases.   Loan Range: Variable, dependent of funds available and collateral value Terms: 1-20 Years Rate: Set by the MCEF Loan Committee Service Area: Morrow   Learn More
The NA loan fund is eligible only to business owners that are members of a federally recognized tribe.  This fund provides financing for land/building acquisition, new construction, equipment/fixtures/machinery, inventory, supplies, and/or working capital. Loan Range: $1,000-$20,000 Terms: 1-20 Years Rate: 7.50% Minimum Service Area: Gilliam, Grant, Harney, Malheur, Morrow, Umatilla, Wheeler   Learn More
The SBA 504 loan program is a U.S. Small Business Administration funded program that provides financing for major fixed assets such as commercial real estate or equipment. The proceeds from this program may be used for the purchase of land/including existing buildings, the purchase o... Learn More
Incentives There are a number of tax and business financing incentives available to businesses locating and expanding in Union County.  Contact UCEDC to learn more the business eligibility and the criteria for qualifying projects for these opportunities. Tax Incentives Enterprise Zone The Standard Enterprise Zone program is designed t... Learn More
NEWS: Urban Renewal Program Accepting Project Funding Applications!  Each fiscal year, the La Grande Urban Renewal Agency (URA) has a limited amount of funding to allocate toward public/ private development projects within the Urban Renewal District. For the 2019-20 fiscal year beginning July 1, 2019, th... Learn More
The IRP fund is designed to provide financing that will create or retain jobs, expand businesses, and assist in the creation of viable businesses within distressed communities.  This fund provides financing for land/building acquisition, new construction, equipment/fixtures/machinery, inventory, supplies, and/or working capital. Loan Range: 75% of projec... Learn More