Projects and Stories
Western Juniper Industry Fund
Business Oregon is accepting applications for the Western Juniper finance program.
On site juniper milling in eastern Oregon. Photo by Marcus Kauffman.
The Western Juniper Industry Fund Business Finance Program provides two types of financial assistance for Western Juniper businesses’ expansion projects: Capital Investment and Permanent Working Capital.
Capital Investment assistance overview:
The minimum loan amount is $20,000. The maximum loan available to an applicant is $100,000, or 75% of the project cost, whichever is less. The applicant must provide a minimum of 10% of the project cost in cash. Eligible Projects - projects can include, but are not limited to:
• Property/Building Acquisition
• New Construction
• Building Renovation
Permanent Working Capital assistance overview:
The minimum loan amount is $20,000. The maximum available to an applicant is $50,000, or 90% of the working capital budget, whichever is less. The applicant must provide a minimum of 10% of the working capital budget in cash. The interest rate will be no less than 5%. Repayment terms will be established for each individual loan, with a maximum term of one year. Permanent Working Capital loans are non-renewable.
To find more information about the financial assistance offered through this program and to apply, visit Business Oregon’s website.
About the program
As part of a shared commitment to support economic development and environmental restoration in Oregon, Business Oregon, Sustainable Northwest, and the partners of the Western Juniper Alliance sought state funding to boost the growing Western Juniper industry.
In 2015, the Oregon Legislature approved $500,000 for the Oregon Business Development Department to provide economic development assistance to businesses engaged in harvesting or manufacturing products from Western Juniper.
Oregon’s high desert will also benefit from this program, as respectful harvest of the native invasive tree will allow the grasslands and groundwater tables to return to their natural condition.
Learn more about this initiative and see a video about Western Juniper.