Title 26A, Economic Development

The University Innovation Research Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the University Innovation Research Fund must be credited to the fund. The fund consists of all moneys appropriated, allocated, deposited o…

The Legislative Assembly finds that: (1) There is a new emerging global economy in which countries and regions located in specific areas of the world are forging new cooperative arrangements. (2) These new cooperative arrangements are increasing the competitiveness of the partici…

The Pacific Northwest Economic Region is established by law and entered into by the State of Oregon as a party, and is in full force and effect in accordance with the terms of ORS 285A.240 and this section. _________________________________________________________________________…

As used in ORS 285A.300 to 285A.312, “fund” means the Title I Bank Fund. [Formerly 285.680; 1999 c.509 §12]

(1) The Legislative Assembly finds that: (a) Local government is experiencing increasing difficulty in obtaining necessary financing for eligible community development projects, such as public works projects, causing project delays and significant increased costs to property owne…

(1) There is established in the State Treasury, separate and distinct from the General Fund, the Title I Bank Fund. All moneys in the fund are continuously appropriated to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority to provide financ…

All payments, receipts and interest from outstanding indebtedness shall be retained and accumulated in the Title I Bank Fund and used for the purposes specified in ORS 285A.303. [Formerly 285.687; 1999 c.509 §14]

All federal overlay statutes associated with moneys received from the federal Housing and Urban Development Community Development Block Grant Program for Small Cities shall continue to apply to the use of those moneys in the Title I Bank Fund received from sources described in OR…

(1) Any port organized under the laws of this state, any municipal corporation in this state or any dock commission of any city of this state may apply to the United States for permission and may establish, operate and maintain foreign trade zones within or without their boundari…

Klamath International Trade & Transportation Services (KITTS), an Oregon corporation, is authorized by ORS 285A.325 and 285A.328 to establish, operate and maintain a foreign trade zone in this state. [1997 c.499 §2] Note: 285A.328 was enacted into law by the Legislative Assembly …

The Legislative Assembly declares that it is the purpose of ORS 285A.340 to 285A.349: (1) To assist the development of small businesses, with special emphasis on increasing the percentage of businesses owned by women and members of minority groups; (2) To encourage competition am…

(1)(a) The Oregon Business Development Department may purchase business assistance services from public or private organizations for delivery to small businesses in this state or may provide grants to public or private organizations to support, aid, stimulate or otherwise affect …

The Oregon Business Development Department shall evaluate the efficiency and effectiveness of the delivery of business assistance services to small businesses. [Formerly 285.127; 2003 c.773 §7; 2007 c.804 §15; 2009 c.830 §31] Note: See note under 285A.340.

(1) The Legislative Assembly finds that the demand in Oregon for local food is surging, that the interest in farming among younger generations is on the rise and that access to capital is one of the most important factors contributing to the development and success of a local mar…

As used in ORS 285A.420 to 285A.435: (1) “Agricultural improvements” means any improvements, buildings, structures or fixtures suitable for use in farming that are located on agricultural land. (2) “Agricultural land” means land located in this state that is suitable for use in f…

(1) The Oregon Business Development Department, in consultation with the State Department of Agriculture and potential lenders, shall create the Beginning and Expanding Farmer Loan Program to facilitate the making of loans to beginning farmers to finance the acquisition of an app…

(1) At the request of the Oregon Business Development Department, the State Treasurer may from time to time issue revenue bonds to: (a) Finance agricultural projects determined eligible for financing under ORS 285A.420 to 285A.435; (b) Refund bonds issued for the program; or (c) …

(1) The Oregon Business Development Department may: (a) Lend the proceeds of revenue bonds authorized by ORS 285A.420 to 285A.435 for approved agricultural projects. (b) Make contracts, execute instruments and do what is necessary or appropriate to carry out ORS 285A.420 to 285A.…

(1) There is created the Beginning and Expanding Farmer Loan Program Fund, separate and distinct from the General Fund. Interest earned by the Beginning and Expanding Farmer Loan Program Fund shall be credited to the fund. All moneys credited to the fund are continuously appropri…

As used in ORS 285A.510 to 285A.522: (1) “Community” means an area or locality in which the inhabitants have common economic or employment interests and which is undergoing an economic emergency. The term is not limited to a city, county or other political subdivision and need no…

The Legislative Assembly declares that it is the policy of the State of Oregon to assist employers, workers and communities in this state in coping with the effects of plant closings, mass layoffs and other economic dislocations. [Formerly 285.453]

The Higher Education Coordinating Commission is the state agency that shall be notified when an employer is required to provide written notice of a plant closing or mass layoff under section 3 of the Worker Adjustment and Retraining Notification Act (P.L. 100-379). [Formerly 285.…

(1) The Higher Education Coordinating Commission shall notify employers subject to the Worker Adjustment and Retraining Notification Act (P.L. 100-379) that the commission is the state agency that must be notified when the employers are required to provide notice of a plant closi…

(1) The Higher Education Coordinating Commission shall prepare an annual report concerning plant closings and mass layoffs in this state. The report shall describe in detail each plant closing or mass layoff during the period covered by the report and the assistance and services …

(1) The Legislative Assembly declares that it is the policy of this state to include Oregon’s ports in planning and implementing economic development and transportation programs. To that end, the Oregon Business Development Commission and the Oregon Business Development Departmen…

As used in ORS 285A.603 to 285A.627, unless the context requires otherwise, “port” means the Port of Portland and any port formed pursuant to ORS 777.005 to 777.725 and 777.915 to 777.953. [Formerly 285.805; 2003 c.802 §153; 2007 c.804 §23]

(1) The Oregon Infrastructure Finance Authority shall provide managerial assistance and technical referral services to ports. (2) The authority shall disseminate such research and technical information as is available to the authority. (3) The authority shall work cooperatively w…

(1) The Oregon Business Development Commission and the Oregon Business Development Department, through the Oregon Infrastructure Finance Authority, shall be the statewide coordinating, planning and research entity for all ports and port authorities in this state to ensure the mos…

(1) There is created within the State Treasury, separate and distinct from the General Fund, the Port Planning and Marketing Fund. All moneys in the Port Planning and Marketing Fund are appropriated continuously to the Oregon Business Development Department for the Oregon Infrast…

(1) The Oregon Infrastructure Finance Authority may make grants, as funds are available, to any port formed under ORS chapter 777 or 778 for: (a) A planning project conducted under ORS 285A.627 or any other planning project necessary for improving the port’s capability to carry o…

(1) The Oregon Infrastructure Finance Authority shall develop marketing grant funding priorities considering such factors as community need and whether the project will lead to economic diversification, development of a new or emerging industry and redevelopment of existing publi…

As used in ORS 285A.666 to 285A.732, unless the context requires otherwise: (1) “Flexible manufacturing space project” means a project for the acquisition, construction, improvement or rehabilitation, in whole or in part, of any building suitable for the conduct of manufacturing …

Any Oregon port district may file with the Oregon Infrastructure Finance Authority an application to borrow money from the Oregon Port Revolving Fund for a project as provided in ORS 285A.666 to 285A.732. The application shall be filed in such a manner and contain or be accompani…

(1) Upon receipt of an application filed as provided in ORS 285A.669, the Oregon Infrastructure Finance Authority shall determine whether the plans and specifications for the proposed project set forth in or accompanying the application are satisfactory. (2) If the authority dete…

Nothing in ORS 285A.666 to 285A.732 is intended to prevent an applicant from employing a private engineering firm and construction firm to perform the engineering and construction work on a proposed project. [Formerly 285.880; 2001 c.883 §11]

The Oregon Infrastructure Finance Authority may approve a project proposed in an application filed as provided in ORS 285A.669, if, after investigation, the authority finds that: (1) The proposed project is feasible and a reasonable risk from practical and economic standpoints, a…

(1) If the Oregon Infrastructure Finance Authority approves the project, the authority, on behalf of the state, and the applicant may enter into a loan contract that is secured by good and sufficient collateral. (2) A loan contract entered into pursuant to this section shall set …

If the Oregon Infrastructure Finance Authority approves a loan for a project, the authority shall pay moneys for the project from the Oregon Port Revolving Fund, in accordance with the terms of the loan contract as prescribed by the authority. [Formerly 285.887; 2001 c.883 §14; 2…

(1) If the Oregon Infrastructure Finance Authority accepts a lien against any port district’s real or personal property as collateral required by ORS 285A.681, the authority shall file notice of the loan with the recording officer of each county in which is situated any real or p…

(1) The Oregon Business Development Department may institute proceedings to foreclose any lien for delinquent loan payments. (2) If a port district fails to comply with a contract entered into pursuant to ORS 285A.681, the department may seek appropriate legal remedies to secure …

A port district that enters into a contract with the Oregon Infrastructure Finance Authority for a project and repayment as provided in ORS 285A.681 may obtain moneys for repayment to the Oregon Port Revolving Fund under the contract in the same manner as other moneys are obtaine…

The Oregon Business Development Commission may appoint the Director of the Oregon Business Development Department as their representative and agent in all matters pertaining to ORS 285A.666 to 285A.732. The director shall ensure that all provisions of ORS 285A.666 to 285A.732 are…

Except as provided in ORS 285A.702, if any project is refinanced or financial assistance is obtained from other sources after the execution of the loan from the state, all such funds shall be used to repay the state first if such refinancing or financial assistance applies only t…

(1) The Oregon Infrastructure Finance Authority may authorize funds from the Oregon Port Revolving Fund to be used in appropriate joint governmental participation projects or as match money with any port, state or federally funded project authorized within a port district, subjec…

If the Oregon Infrastructure Finance Authority approves an application for the loan of moneys authorized by ORS 285A.702, the authority shall enter into a loan contract, secured by good and sufficient collateral, with the port district that provides, among other matters: (1) That…

(1) There is created within the State Treasury a revolving fund known as the Oregon Port Revolving Fund, separate and distinct from the General Fund. Interest earned by the Oregon Port Revolving Fund shall be credited to the fund. Moneys in this fund are continuously appropriated…

(1) Notwithstanding ORS 285A.708 (1) and 285A.711, available moneys in the Oregon Port Revolving Fund that were accrued as repayments or net earned income of the fund may be transferred to the Port Planning and Marketing Fund created under ORS 285A.654. (2) Notwithstanding ORS 28…

All payments, receipts and interest from outstanding indebtedness shall be retained in the Oregon Port Revolving Fund and accumulated for new project disbursal, and repayment of funds allocated pursuant to section 25, chapter 838, Oregon Laws 1977. All interest earnings of the fu…

ORS 285A.666 to 285A.711 shall be known as the Oregon Port Revolving Fund Act. [Formerly 285.943] _______________