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Oregon businesses pledge millions to coronavirus economic relief

Businesses like Nike, Intel, Standard Insurance, the Portland Trail Blazers and others are stepping up to help with economic assistance and recovery.

PORTLAND, Ore. — Oregon businesses have pledged millions of dollars to help with economic relief for small businesses and individuals hurt by the COVID-19 pandemic.

Almost $2.5 million in pledges and commitments will go to two funds established by the Oregon Community Foundation. The Oregon Community Recovery Fund helps nonprofits assist vulnerable communities. The Oregon Small Business Stabilization Fund, helps small enterprises meet their short-term credit needs.

FACTS NOT FEAR: LATEST UPDATES ON THE CORONAVIRUS

Here's a list of contributions pledged by businesses through OCF:

  • Nike Foundation: $1,000,000
  • The Standard: $250,000
  • Intel: $200,000
  • Portland Trail Blazers: $150,000
  • Wells Fargo: $125,000
  • Cambia Health Foundation: $100,000
  • Tillamook County Creamery Association: $100,000
  • Umpqua Bank: $100,000
  • Portland General Electric: $80,000
  • Comcast: $75,000
  • U.S. Bank: $50,000
  • Chase Bank: $50,000
  • Bank of America: $40,000
  • KeyBank: $35,000
  • Pacific Power Foundation: $20,000
  • A to Z Wineworks: $15,000
  • NW Natural: $10,000
  • Portland Timbers and Thorns FC: $10,000
  • Columbia Bank: $10,000

Max Williams, president and CEO of OCF, said he's thankful for the commitment shown by businesses to help. "This crisis is unprecedented and we’re going to need everyone, every business to do what they can to help support Oregonians, particularly our most vulnerable populations," he said.

OREGON COMMUNITY RECOVERY FUND

OREGON SMALL BUSINESS STABILIZATION FUND

Oregon businesses have also pledged millions more to other community partners, according to a press release from Gard Communications.

  • Bank of America has pledged $1.5 million in the months ahead to nonprofits in Oregon addressing community needs.
  • Intel is contributing $1 million to various Oregon nonprofits.
  • Kaiser Permanente is making a grant to Central City Concern supporting services to those experiencing homelessness.
  • Nike leadership is contributing $7 million to Oregon Health & Science University, $2 million to the Oregon Community Foundation Community Recovery Fund and $1 million to Oregon Food Bank.
  • Regence BlueCross Blue Shield of Oregon, Portland General Electric, Tillamook County Creamery Association and Pacific Power announced support for Oregon Food Bank.
  • Tillamook County Creamery Association has donated food to Meals for Seniors and donated ice cream to hospitals in Tillamook and Hermiston.
  • Umpqua Bank pledged $1 million to organizations that provide capital and micro loans to small businesses and entrepreneurs as well as $750,000 in funding for small businesses across Oregon.
  • U.S. Bank and KeyBank are supporting United Way of the Columbia-Willamette.
  • Wells Fargo has committed to invest $1.74 million in charitable contributions to Oregon nonprofits.

Businesses have also donated equipment, services and supplies to help first responders, according to the press release.

  • Intel donated one million items of protective equipment for healthcare workers.
  • Portland General Electric donated 9,000 masks for front-line health workers needing protection.
  • Regence has allocated funds to address urgent and immediate needs such as thermometers, food insecurity and gloves.
  • Comcast is offering free Internet service for low income Oregonians, as well as unlimited data at no additional cost.

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