WATERLOO – Business grant applications will be taken starting Monday after the Oregon Legislature allocated $55 Million of federal CARES Act funds for the purpose of providing financial assistance to small businesses. Funds will be deployed by the CCD Business Development Corporation and is available to businesses affected by economic conditions as a direct result of the COVID-19 pandemic. These funds were allocated to counties to deploy in the form of grants to small businesses who have been financially impacted. These federal funds are directed to affected businesses with 100 or fewer employees. Eligible Businesses may use the grant proceeds for any business-related operating expenses.