LA GRANDE — New opportunities are available for business owners experiencing economic equity risk factors in Union County through the Northeast Oregon Economic Development District.

The Economic Equity Investment Program is intended to provide a network of support for businesses in Union and Wallowa counties, according to the NEOEDD. The program is open to businesses at all stages of development — from start-up to those in growth — or existing businesses that are facing a significant challenge.

Entrepreneurs must meet at least two of the following economic equity risk factors in order to be eligible for the program:

• Residence or operation in a rural location

• Socioeconomic status

• Discrimination because of race or ethnicity

• Discrimination due to English language proficiency

• Discrimination due to citizenship status

The program allows business owners to access free classes, technical assistance and counseling, and to apply for small grants and matched savings accounts. The Economic Equity Investment Program is funded by Business Oregon.

Applications open May 1. For more information about the requirements or to apply, visit the NEOEDD’s webpage for the program.