Areas Served: Clackamas, Hood River and Wasco counties
The Mt Hood Economic Alliance provides gap financing loans for local businesses in Clackamas, Hood River and Wasco counties in Oregon.
MHEA provides secondary financing for businesses unable to secure (enough) financing through conventional banking means.
MHEA’s loan fund is currently capitalized at about $900,000 with approximately $250,000 available for small business lending.
A regional economic development partnership, the Alliance seeks out and invests in projects that create jobs and leverage additional investment for the three counties.
Project applications are taken and reviewed year-round depending on funding availability.
Minimum Funding Criteria: 1. Project creates at least 1 job for every $3,000 $5,000 of MHEA funding received.
2. Project leverages a minimum of $5 for every $1 of MHEA funding received.
3. Project is located in and benefits residents living in Clackamas, Hood River or Wasco counties.
4. Project is ready to go, with job creation to be completed within two years of a signed contract.
5. Project is part of a specific community business development strategy or private business plan.
Contact InformationMt Hood Economic Alliance
Address: 4336 SW Condor Ave
City: Portland
State: Oregon
Website:
http://www.mthoodea.org/
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