Economic Recovery Plan

The purpose of the Economic Recovery Plan is to manage and implement an effective, efficient, and nimble local economic recovery effort, in collaboration with vital partners, that charts a path for future economic prosperity.

What is your BIG IDEA to help businesses recover from COVID-19?

Click here to post a photo, video, or write your thoughts about what you think is needed to help Tualatin businesses and economy recover. 

Economic Recovery Plan overview 

On April 24, the Tualatin City Council adopted the Tualatin Economic Recovery Plan in response to the COVID-19 pandemic. Click on the image above or read about the details of each phase below. The most recent update was provided at the October 12th City Council meeting (video). 

RESPONSE PHASE 

Quickly mobilize city resources and partners to provide immediate assistance to affected businesses. 

• COVID-19 Business Resource Page
• Economic Stabilization Fund ($250,000 committed to 54 businesses through urban renewal funding)
• Regional Strategic Committees (Greater Portland Inc. and Washington County; and Governor’s Regional Solution’s Teams)

STABILIZATION PHASE [CURRENT] 

Work to stabilize existing or at-risk businesses from disruptions or closures.

• Business Recovery Centers - The City of Tualatin led a massive effort to establish four-business recovery centers in Tualatin, Beaverton, Hillsboro, and Forest Grove. The Washington County Business Recovery Centers provide disaster-related assistance for businesses economically damaged by the COVID-19 pandemic. 
• Short-Term Financing - The City of Tualatin has committed an additional $600,000 to the Economic Stabilization Fund 2.0 Program

PRESERVATION PHASE 

Work to preserve our economic response efforts to stabilize our local economy while preparing for the future health of our residents, businesses, and workers.

• Small business workshops
• Economic Development Update Plan

ENHANCEMENT PHASE 

Commit to combining and enhancing our past economic successes and our current recovery efforts to ensure a bright economic future for the City of Tualatin.

• Long-term financing
• Partner with a Community Development Finance Institution (CDFI) to provide competitive financing for newly establishing, reestablishing, and preserving businesses.
• Continuous resiliency planning
• Continually evaluate and adjust our efforts and actions regarding economic recovery