2024-2025 Economic Equity Investment Grant Program

The Business Oregon grant funding aims to address longstanding economic inequities by providing culturally responsive services, outreach, support, and resources to eligible beneficiaries. Unlike traditional poverty alleviation programs, the EEIP is a wealth-building program that prioritizes outcomes related to self-sufficiency, economic stability, and economic equity. The program is funded by an $8 million one-time investment from the Oregon State Legislature. Successful applicants will demonstrate a meaningful track record of delivering programs or resources within key eligible areas: land ownership and other real property acquisition (including principal residences), entrepreneurship and business development, workforce development, or intergenerational wealth-building. Organizations receiving funds will directly provide outreach, support, and programming to eligible beneficiaries in one or more of these areas. Eligible beneficiaries are defined as “disadvantaged individuals, families, businesses, and communities” whose future is at risk due to two or more risk factors, as detailed in ORS 285B.761. Awards must be aimed at narrowing wealth gaps. Preference will be given to intermediary organizations with a proven track record of successfully delivering programs and resources that align with the goals and aspirations of the EEIP and possess the capacity to complete programs and expend all funds by June 30, 2025. Expected outcomes include increased self-sufficiency, economic stability, and economic equity for disadvantaged individuals, families, businesses, and communities in Oregon. The program's strategic priorities are centered on wealth-building, a departure from traditional poverty alleviation, to foster long-term economic well-being and reduce wealth disparities across the state. This initiative reflects a theory of change that by investing in key economic development areas and supporting capable intermediary organizations, sustainable economic growth and equity can be achieved for at-risk populations.