Oregon rolls out BOOST program

In an effort to promote immediate job growth, the Oregon Legislature in its 2010 special Legislative Session created a new program for small, traded sector businesses in Oregon.   The Building Opportunities for Oregon Small Business Today (BOOST) program, housed at the Oregon Business Development Department – Business Oregon - is for qualifying small businesses with 100 or fewer employees that propose to create or retain jobs.  

A total of $1 million is to be made available through the BOOST grant program and $4 million available through the BOOST loan program from the state Tax Enforcement Fund.    BOOST grant applicants may receive $2,500 for each eligible full-time employee hired for a minimum of six months, with a maximum award of $50,000 per applicant per calendar year.  For more information, Goto Http://www.oregon4biz.com/Business-financing-resources/Oregon-Finance-Pr...