Regional Incentives
Eastern Oregon is an excellent place to do business. Oregon Trail Electric Cooperative offers low-cost energy to local businesses, in addition to free assistance with site selection, market research, and relocation. Additional incentives are offered through area economic development agencies, city and county governments, and the state of Oregon.
Results
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...
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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 and...
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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...
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Check the link for more information.
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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,...
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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:...
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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...
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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:...
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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 of...
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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...
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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, the...
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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...
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