Strategic Investment Fund
The Oregon Coast Visitor’s Association (OCVA) is pleased to announce the Strategic Investment Fund (Si-Fund) grant opportunity. The first pool of funding, totaling $72,000, is available until the end of this fiscal year, ending June 30th, 2018. See attached document for full details. The Si-Fund will replenish on July 1st, 2018 ending June 30th 2019, for another $72,000.
The purpose of this fund is to rapidly and surgically respond to high value destination development projects during critical moments of need to sustain their viability and/or momentum. High value is determined according to the priorities expressed in the attached grant guidelines and elaborated in the approved 2017-2019 RCTP OREGON COAST PLAN FINAL.
“There are many larger pools of money with lengthy application processes,” states Marcus Hinz, OCVA Executive Director, “but we’ve observed there are not many easily accessible grant opportunities for smaller, more modest projects.” The fund was created with the recognition that many community efforts are operated using volunteer time and the large, often arduous, grant application processes may become a barrier to worthy community projects.
Money for the Si-Fund comes from the state-wide 1.8% Transient Lodging Tax collected by the Oregon Tourism Commission, DBA Travel Oregon and grant guidelines have been derived from the 2-Year Regional Cooperative Tourism Program (RCTP) plan which OCVA negotiated with Travel Oregon. Please see attached for full details.