Welcome to the Tigard Small Business Sustainability Fund!
Over the past year we have been listening to Tigard Small Businesses and we have put together a Fund to help alleviate some of the financial burdens the Pandemic has left behind. Together with the City of Tigard we have created an opportunity for local Tigard based Small Businesses to apply for reimbursement funds up to $2,000 per business to help offset the costs for upgrades to safety and security systems and provide an opportunity for those businesses to also access local resources and additional fund dollars for trainings and audits through the Chamber to continue our mission of helping Build Business and Grow Together.
Investment types eligible for grants:
- The business must be a for-profit business
- Sole proprietorship
- Professional association
- Limited liability company
- Limited partnership
- Limited liability partnership
These funds come from an agreement between the City of Tigard and the Tigard Chamber of Commerce to be used for this sole purpose.
The United States Treasury has recognized minority, women, and veteran-owned businesses as likely disproportionately impacted by the pandemic, and these businesses are strongly encouraged to apply. These businesses would receive priority funding and are more likely to receive the full, rather than scaled, amount requested.
All information collected shall be retained securely, and the processing shall comply with the applicable state and federal laws governing data protection and privacy. Our commitment extends to safeguarding the confidentiality, integrity, and availability of the information entrusted to us, ensuring strict adherence to legal requirements for the entirety of the retention period.
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- The business must be located within the City of Tigard with a valid City of Tigard Business License.
- The business must operate as a brick-and-mortar outside of the home.
- The business must have less than 40 full-time employees.
- The business must not be in receivership or bankruptcy.
- The business must not be permanently closed and must intend to continue its business operations beyond 2025.
- One business per person per household can apply for funds.
- To qualify as a disproportionately impacted small business, the small business must prove via tax forms lost revenue when comparing 2022 / 2023 vs 2019.
- The business must be in good standing with all State & Federal tax regulatory agencies with no outstanding tax obligations or liabilities.
For this fund, small businesses are defined as 40 or fewer full-time employees (please count Part Time employees as 0.5 FTE each). Businesses are required to have been in continuous operation since at least January 2020.
Due to Federal, State, City, and Chamber regulations ineligible business types are as follows: School Districts and their related agencies or organizations, Chain and franchise businesses (unless independently owned and proof of independent ownership is available), Branch banks and financial institutions, Day labor employment agencies, Currency exchanges, pay day, and title secured loan stores, Pawn shops, Fortune telling services, Liquor stores, vape, smoke and marijuana shops, Tobacco dealers, including sales of tobacco, nicotine, or similar products and accessories, Adult entertainment establishments, Gas stations, Firearms dealers, Places of worship / religious institutions and their related agencies or organizations, Residential storage warehouses, Trailer-storage yards, junk yards, and similar uses, and home based businesses.
This list is not exhaustive, and the Chamber reserves the right to amend it as needed.
All Small Businesses must provide basic information and must meet all eligibility criteria and supply the required information to apply for business assistance payments. This information will be used to:
- Attempt to confirm the existence of the business and its owner.
- Verify the business’s good standing with federal tax and state regulatory agencies through self-attestation.
- Gather important demographic data for reporting purposes.
- Associate the business with a presumptively eligible class or location.
- Contribute to fraud prevention.
- Confirm the business location in the Service Area and collect the information required to issue tax documents if payment is issued.
- Businesses applying for the reimbursement grant program will need to make the investment first to receive a reimbursement of up to 50% of original expense not to exceed $2,000.
Business owners must submit applications. The preferred method of submission is through the application portal. If you have difficulties using the portal please contact the Tigard Chamber. Applications will be screened for completeness and compliance with the criteria listed in the application. Non-compliant or incomplete applications will not be considered for funding. The applications are awarded based on eligibility on a first come first serve basis. Each application may take up to 45 business days to review and respond to and will not be considered a completed application until all supporting documentation is turned in with a valid application.
Only one application per business, family and TAX ID may be submitted, even if multiple locations or businesses exist.
- Approved applications will be notified via email 45 business days after the completed application.
- Applications are considered in the order they are received.
- Funding could be delayed based on unforeseen circumstances.
- Funding may be less than requested, based on the volume of applicants and qualifications for award.
- Funding is limited, and not all eligible applications may be funded. Recognized minority, women, and veteran-owned businesses would receive priority funding and are more likely to receive the full, rather than scaled, amount requested.
- The business must be a for-profit business (sole proprietorship, partnership, corporation, professional association, limited liability company, limited partnership, limited liability partnership)
- The business must be located within the City of Tigard.
- The business must have 40 or fewer full-time employees (Part-time employees as 0.5 FTE each)
- The business must not be in receivership or bankruptcy.
- The business must not be permanently closed and must intend to continue its business operations following the 2024 and 2025.
- To qualify as a disproportionately impacted small business, the small business must be presumptively eligible according to the definitions above.
- The business must be in good standing with State & Federal tax regulatory agencies with no outstanding tax obligations or liabilities (exception: those in an approved & verifiable payment plan may still qualify)
- The business must have an active registration with the Oregon Secretary of State’s business registry database.
Verification and Documentation Required
Applications require verification of pertinent information and documentation. All documentation must be delivered in hardcopy form only to the Tigard Chamber Office Monday – Friday 10am-3pm or via Mail to Tigard Chamber 12345 SW Main Street Tigard OR 97223.
- NAICS code must be provided
- Social Security number or business owner EIN (whichever is used for tax filing) must be provided.
- Personal Identification
- Picture of small business owner’s driver’s license or government-issued photo ID (current)
- Business Information
- Copies of Tax Returns for 2019, 2021, and 2022
- Receipts for Reimbursements requested with written information about how and why those dollars were spent. Examples of qualified expenses include Alarms, Lighting, Locks, Cameras.
Impact Determination Criteria
For your small business to demonstrate eligibility for this program, the federal government requires proof of a negative economic impact related to the COVID-19 pandemic. This can be demonstrated in one or more of the following ways:
- 2020 or 2021 decline in revenues, due to periods of mandatory business closure or otherwise, compared to 2019. Proof required:
- Tax returns from 2019, 2020 and/or 2021 and 2022.
- Increased cost of goods sold due to pandemic-related inflationary pressure, supply-chain challenges, or losses due to unavailability of goods. Negative economic impact for increased cost of goods sold must be clear and significant, around 10% or more. Proof required (choose one):
- Accounting system cost-of-goods sold reports from 2019 may be compared to the same report from either 2020 or 2021 or 2020 data may be compared to 2021.
- You may also submit recent quarter-over-quarter reports showing increased costs.
- Negative economic impact for increased cost of goods sold must be clear and significant, around 10% or more.
- Previous access to financial support
- Verification of previous federal COVID-19 funding through PPP loan, EIDL, Washington County or other grants received by business.
- Disproportionately Impacted Classifications
- Businesses with Operations in a Qualified Census Tract (QCT). QCT’s are identified and published by the Housing and Urban Development agency (HUD) of the federal government.
- Travel, Tourism and Hospitality Industries.
- Small Businesses Operated by Tribal Governments or Operating on Tribal Land.
- Fitness-related Organizations (Fitness-related organizations include but are not limited to gyms, fitness centers, personal training, dance studios, and martial arts centers)
- “Impacted” Small Business Additional Eligibility Information
Impacted small businesses not qualifying as “disproportionately impacted” must provide proof of negative economic impact due to the pandemic or its after-effects (e.g. shutdowns, inflationary pressures, supply-chain issues, or labor participation rates, to name just a few examples).
The Tigard Small Business Sustainability Fund awards will be made on a first-come, first-served basis. Applications will be considered in stages to verify completeness and accuracy of information provided. Please allow up to 45 business days for review.
Stage 1: Initial verification of completeness of application and business identity
Stage 2: Final verification for completeness and accuracy of information provided
Stage 3: Funding review & consideration
Stage 4: Declined applications confirmed
Stage 5: Final funding determination
Stage 6: Notice to businesses approved or declined for funding
Complete submission of accurate information is the responsibility of the applicant. Given the volume of applications expected, the Tigard Chamber is unable to contact individual recipients related to incomplete information. Incomplete applications will not be considered. Applicants will attest to the accuracy and truthfulness of the application. False or fraudulent information provided by applicants could result in the repayment of grant funds and/or referral to law enforcement.
Applicants will receive an email confirmation if the application is determined to be complete. Said applications will be considered for funding by the Tigard Chamber’s review committee. It is possible the Program may not be able to provide funds for every eligible applicant.
No business applying for these grants will be denied on the grounds of race, color, national origin, sex (including sexual orientation and gender identity), religion, disability, age, or familial status (having children under the age of 18).