{"id":33462,"date":"2022-05-04T14:04:13","date_gmt":"2022-05-04T22:04:13","guid":{"rendered":"http:\/\/illinoisvalleyweb.org\/?p=33462"},"modified":"2022-05-04T14:04:13","modified_gmt":"2022-05-04T22:04:13","slug":"380000-distributed-to-small-businesses-in-josephine-county","status":"publish","type":"post","link":"https:\/\/illinoisvalleyweb.org\/380000-distributed-to-small-businesses-in-josephine-county\/","title":{"rendered":"$380,000 Distributed to Small Businesses in Josephine County"},"content":{"rendered":"<p>CAVE JUNCTION, OR: As part of a federal coronavirus relief program, the Illinois Valley Community Development Organization (IVCanDO) distributed $380,000 in federal money to small businesses across Josephine County.<\/p>\n<p>The grants ranged from $1,000 to $10,000, and almost all of them went to businesses with 10 or fewer employees. IVCanDO received 178 applications for funding and approved funding for 87 of those applications.<\/p>\n<p>Of those businesses approved, about two-thirds were located in a Qualified Census Tract, meaning at least 50% of households in the area have an income less than 60% of the Area Median Gross Income. Businesses in these areas were identified by the U. S. Department of the Treasury as being \u201cdisproportionately impacted\u201d by the pandemic.<\/p>\n<p>Applications were evaluated based on demonstrable impact directly related to the Covid-19 pandemic.<\/p>\n<p>\u201cThe process of the review panel was sound,\u201d IVCanDO Executive Director Lindsey Jones said. \u201cThe impact of these funds will be felt throughout the county. I want to thank State Representative Lily Morgan for advocating for these funds and entrusting us with the process.\u201d<\/p>\n<p>Funding was exhausted for this granting program, but small businesses seeking additional funds may be eligible for IVCanDO\u2019s Revolving Loan Fund. This program offers low-interest loans of up to $25,000 to entrepreneurs starting their own business or businesses looking to expand. Current interest rates are fixed at 5.8%, with terms of up to 5 years. Go to ivcdo.org\/revolving-loan-fund for more information, or contact Forrest Roth at 541-592-9279 or forrest@ivcdo.org<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-33463\" src=\"http:\/\/illinoisvalleyweb.org\/wp-content\/uploads\/2022\/05\/IVCDO-Logo-Dupe-w_-Tagline-300x90.png\" alt=\"\" width=\"300\" height=\"90\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CAVE JUNCTION, OR: As part of a federal coronavirus relief program, the Illinois Valley Community Development Organization (IVCanDO) distributed $380,000 in federal money to small businesses across Josephine County. The [&hellip;]<\/p>\n","protected":false},"author":141,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[212,208],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$380,000 Distributed to Small Businesses in Josephine County - Illinois Valley Web<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/illinoisvalleyweb.org\/380000-distributed-to-small-businesses-in-josephine-county\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$380,000 Distributed to Small Businesses in Josephine County - Illinois Valley Web\" \/>\n<meta property=\"og:description\" content=\"CAVE JUNCTION, OR: As part of a federal coronavirus relief program, the Illinois Valley Community Development Organization (IVCanDO) distributed $380,000 in federal money to small businesses across Josephine County. 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