Learn More about CDFI's and Small Business Resources in Oregon see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Albina Community Bancorp
Albina Equity Fund, I LLC
Ecotrust CDE, LLC
Hacienda Community Credit Union
Historic Rehabilitation Fund I
Innovative Housing, Inc.
Mercy Enterprise Corporation
National Community Fund I, LLC
Portland Housing Center
Portland New Markets Fund I, LLC
Warm Springs Community Action Team
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.