Oregon Port Revolving Fund (OR) Grant

The Oregon Port Revolving Fund provides essential loans to port districts for the planning and construction of vital infrastructure and facilities. This state program, managed by Business Oregon, supports economic development through responsible investments, allowing ports to finance up to $3 million. Eligible projects include pre-project planning, construction, and maintenance, with flexible repayment terms based on project completion. This initiative underscores the significance of ports in enhancing Oregon's economic landscape.

NOTE: Applications are accepted year round. To begin the application process, ports should consult with their respective Regional Development Officer​ to learn more about the program, discuss their interest and receive assistance in filing the necessary application materials and $100 application fee.
Oregon state law recognizes the important role of ports in economic development. Business Oregon supports ports' economic development efforts by way of technical assistance, intergovernmental coordination and responsible investment. The Oregon Port Revolving Fund provides loan funding to assist ports in the planning and construction of facilities and infrastructure.
How does funding work?
The Oregon Port Revolving Fund provides loans to ports for planning and construction of facilities and infrastructure. Eligible expenses include: pre-project planning, engineering, acquisition, improvement, rehabilitation, construction, operation and maintenance. The project must be referenced in the port's strategic business plan.
Ports may finance a total amount of $3 million from the Fund. The interest rate on repayment will be set by Business Oregon at market rates, but not less than United States Treasury Notes of a similar term minus one percent. The loan term may not exceed the useful life of the contracted project or 25 years from the year of project completion, whichever is less.
Repayment begins no later than one year after the date of the loan contract. If the loan is provided for a flexible manufacturing space project, Business Oregon may determine that no interest shall accrue until the building is at least 25 percent occupied, or until three years after the date of the loan contract, whichever is earlier.

Eligibility

​Any port district incorporated under ORS Chapters 777 to 778​ is eligible to apply. ​​