Chapter 285B — Chapter 285B
305 sections in this chapter.
ORS 285B.119 Capital Access Fund; investment; retrieval of interest; administrative expenses. (1) There is established in the State Treasury, separate and distinct from the General Fund, the Capital Access Fund. All moneys in the fund are continuously appropriated to the Oregon Business Development Department for the purpose of making payments to loss reserve accounts established under ORS 285B.109 to 285B.119
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(2) Moneys in the Capital Access Fund, with the approval of the State Treasurer, may be invested as provided by ORS 293.701 to 293.857, and the earnings from such investment shall be credited to the Capital Access Fund. (3) The Capital Access Fund shall consist of: (a) Moneys app…
ORS 285B.120 Oregon Small Business Development Act. ORS 271.510, 271.520, 285B.092, 285B.123, 285B.165 to 285B.171, 285B.320 to 285B.326, 285B.335, 285B.341, 285B.344, 285B.350, 285B.365, 285B.371, 657.471, 659A.015 and 777.250 shall be known as the Oregon Small Business Development Act of 1983. [Formerly 285.500]
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[Repealed or reserved.]
ORS 285B.123 Purpose. (1) The purpose of the Oregon Small Business Development Act of 1983 is to encourage and assist the development and continued growth of small business in this state
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(2) As used in the Oregon Small Business Development Act of 1983, “small business” means a business having 100 or fewer employees. [Formerly 285.503; 2007 c.804 §16]
ORS 285B.126 [Formerly 285.507; 2007 c.804 §50; 2009 c.830 §62; renumbered 285B.109 in 2009]
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[Repealed or reserved.]
ORS 285B.129 [Formerly 285.510; 2007 c.804 §51; renumbered 285B.111 in 2009]
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(Small Business Expansion Loan Fund)
ORS 285B.130 Loans from Small Business Expansion Loan Fund; application fees; eligibility; loan agreements; loan limits; moneys reserved for low to moderate income applicants; rules. (1) Subject to the requirements and conditions set forth in subsection (3) of this section, any person with 50 or fewer employees may submit to the Oregon Business Development Department an application to borrow moneys from the Small Business Expansion Loan Fund established under ORS 285B.133 for the purpose of obtaining early stage growth capital when adequate traditional commercial or private financing is not readily available to the applicant. The application must be submitted in the manner, and contain or be accompanied by the information, prescribed by the department by rule
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(2) The department may charge fees in connection with an application submitted under this section and, if the application is approved, with processing and monitoring a loan agreement entered into pursuant to subsection (4) of this section. Fees collected must be deposited in the …
ORS 285B.132 [Formerly 285.513; 2007 c.804 §52; 2009 c.830 §63; renumbered 285B.113 in 2009]
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[Repealed or reserved.]
ORS 285B.133 Small Business Expansion Loan Fund; purposes; sources of moneys; special transfers to and from fund. (1) The Small Business Expansion Loan Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Small Business Expansion Loan Fund shall be credited to the fund. All moneys in the fund are continuously appropriated to the Oregon Business Development Department for the following purposes
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(a) Payment of loans to applicants approved under ORS 285B.130. (b) Payments to local development groups for the purposes of this section. A payment under this paragraph may not exceed one percent of the principal loan amount from which payment is required under ORS 285B.130 (5)(…
ORS 285B.135 [Formerly 285.515; 2003 c.167 §7; 2007 c.804 §53; 2009 c.830 §64; renumbered 285B.115 in 2009]
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[Repealed or reserved.]
ORS 285B.138 [Formerly 285.517; 2007 c.804 §54; 2009 c.830 §65; renumbered 285B.117 in 2009]
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[Repealed or reserved.]
ORS 285B.139 [1991 c.688 §15; 1993 c.765 §80; 1995 c.71 §1; 1997 c.738 §4; 1999 c.247 §5; 2001 c.96 §3; repealed by 2007 c.804 §86]
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[Repealed or reserved.]
ORS 285B.141 [Formerly 285.520; 2009 c.830 §66; renumbered 285B.118 in 2009]
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[Repealed or reserved.]
ORS 285B.144 [Formerly 285.525; 2007 c.354 §14; repealed by 2007 c.804 §86]
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[Repealed or reserved.]
ORS 285B.147 [Formerly 285.527; 2007 c.804 §55; 2009 c.830 §67; renumbered 285B.119 in 2009]
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[Repealed or reserved.]
ORS 285B.150 [Formerly 285.528; repealed by 2007 c.804 §86]
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[Repealed or reserved.]
ORS 285B.153 [Formerly 285.530; repealed by 2003 c.167 §16]
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[Repealed or reserved.]
ORS 285B.156 [Formerly 285.533; repealed by 1999 c.509 §61]
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[Repealed or reserved.]
ORS 285B.159 [Formerly 285.535; 2001 c.104 §98; repealed by 2007 c.804 §86]
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[Repealed or reserved.]
ORS 285B.162 [Formerly 285.537; repealed by 2007 c.804 §86]
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(Small Business Development Centers)
ORS 285B.165 Purpose of ORS 285B.165 to 285B.171. The purpose of ORS 285B.165 to 285B.171 is to establish and sustain a statewide network of small business development centers. [Formerly 285.540; 2001 c.148 §3; 2007 c.804 §17]
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[Repealed or reserved.]
ORS 285B.166 [2001 c.148 §2; repealed by 2007 c.804 §86]
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[Repealed or reserved.]
ORS 285B.168 Grants; application; required provisions; authorized uses; eligibility; subcontracts; report. (1) The Oregon Business Development Department may make grants available to a community college district, a community college service district or, with the concurrence of the executive director of the Higher Education Coordinating Commission, a public university listed in ORS 352.002 to assist in the formation, improvement and operation of small business development centers. If a community college district, a community college service district or a public university is unable to adequately provide services in a specific geographic area, the department may make grants available to other service providers as determined by the department. The grant application shall include
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(a) Plans for providing small business owners and managers individual counseling, to the greatest extent practicable, in subject areas critical to small business success; (b) A budget for the year for which a grant is requested, including cost apportionment among the department, …
ORS 285B.169 Centers to collaborate with state agencies and private sector. The statewide network of small business development centers established under ORS 285B.165 to 285B.171 shall, whenever practicable, collaborate with state agencies, state-supported organizations and private sector entities that provide services to small businesses to
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(1) Refer small businesses that could benefit from the services offered by the small business development center network to small business development centers in the counties or regions where the small business development centers are located; (2) Use small business development c…
ORS 285B.171 Short title. ORS 285B.165 to 285B.171 shall be known and may be cited as the “Small Business Training Assistance Act.” [Formerly 285.547]
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(Miscellaneous)
ORS 285B.174 Programs to assist businesses in procuring government contracts and grants. In cooperation with other state agencies and private organizations, public universities listed in ORS 352.002 and community colleges may develop programs to assist Oregon businesses with the procurement of government contracts and grants. Small business development centers established under ORS 285B.165 to 285B.171 may assist with these programs. [Formerly 285.550; 2001 c.148 §5; 2007 c.804 §19; 2011 c.637 §94]
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[Repealed or reserved.]
ORS 285B.177 [Formerly 285.553; repealed by 1999 c.509 §61]
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MICROENTERPRISE DEVELOPMENT
ORS 285B.178 Definitions for Microenterprise Development Act. As used in this section and ORS 285B.179
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(1) “Local microenterprise support organization” means a community development corporation, a nonprofit development organization, a nonprofit social services organization or another locally operated nonprofit entity that provides services to disadvantaged entrepreneurs. (2) “Low …
ORS 285B.179 Purposes of Microenterprise Development Act. The purposes of ORS 285B.178 and this section are to
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(1) Ensure that microenterprises in Oregon are able to realize their full potential to create jobs, enhance entrepreneurial skills, expand entrepreneurial activity and increase the capacity of low income and very low income households to become self-sufficient; (2) Enhance the de…
ORS 285B.180 [Formerly 285.555; repealed by 1999 c.509 §61]
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[Repealed or reserved.]
ORS 285B.183 [2001 c.419 §5; repealed by 2007 c.804 §86]
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[Repealed or reserved.]
ORS 285B.186 Short title. ORS 285B.178 and 285B.179 shall be known and may be cited as the Microenterprise Development Act. [2001 c.419 §1]
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Note: See note under 285B.178. CREDIT ENHANCEMENT FUND
ORS 285B.200 Definitions for ORS 285B.200 to 285B.218. As used in ORS 285B.200 to 285B.218
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(1) “Brownfield” or “brownfields” has the meaning given that term in ORS 285A.185. (2) “Eligible project costs” includes productive equipment and machinery, working capital for operations and export transactions and such other costs as the Oregon Business Development Department b…
ORS 285B.203 Purpose of Credit Enhancement Fund. The Legislative Assembly declares that it is the purpose of the Credit Enhancement Fund to
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(1) Create incentives and assistance to increase the flow of private capital to the value-added agriculture industries. (2) Promote industrial modernization and technology adoption. (3) Encourage the retention and creation of family wage jobs. (4) Encourage the export of goods an…
ORS 285B.206 Duties of department; rules; application procedure; agreement contents. (1) The Oregon Business Development Department shall develop a program under which the department, under contracts with financial institutions, shall provide loan guarantees, insurance, coinsurance in conjunction with other providers of loan guarantee programs or other forms of credit guarantees for qualified businesses for eligible project costs
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(2) In administering the program created by ORS 285B.200 to 285B.218, the department shall consult and cooperate with financial institutions in this state. The program shall be administered so that administrative procedures and application procedures are as responsive to the need…
ORS 285B.209 Fees and terms for loan and credit guarantees. (1) When making loan or credit guarantees under the program established under ORS 285B.200 to 285B.218, the Oregon Business Development Department shall establish fees and other terms for loan or credit guarantees that are calculated to reasonably assure that businesses with access to other forms of private capital will find it economical not to participate in the program
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(2) The department, with due regard for the possibility of losses and administrative costs, shall set fees and other terms at levels sufficient to reasonably assure that the program is self-financing. [Formerly 285.476; 2007 c.804 §59; 2009 c.830 §73] Note: See note under 285B.20…
ORS 285B.212 [Formerly 285.478; repealed by 2007 c.804 §86]
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[Repealed or reserved.]
ORS 285B.215 Credit Enhancement Fund; uses; sources. (1) There is established in the State Treasury, separate and distinct from the General Fund, the Credit Enhancement Fund. All moneys in the fund are continuously appropriated to the Oregon Business Development Department for the following purposes
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(a) Payment of claims pursuant to contracts for loan or credit guarantees under ORS 285B.200 to 285B.218. (b) Payment of administrative costs of the department for actual and necessary administrative expenses incurred by the department in administering the fund and establishing a…
ORS 285B.218 Pledge to assure repayment; transfer of funds to pay claims. (1) The Oregon Business Development Department is authorized to pledge up to $75 million to assure the repayment of loan guarantees or other extensions of credit made to or on behalf of qualified businesses for eligible projects costs
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(2) If the balances in the Credit Enhancement Fund are insufficient to cover any claims by financial institutions that arise from loan and credit guarantees made under ORS 285B.200 to 285B.218, the Oregon Department of Administrative Services is directed to transfer in the fiscal…
ORS 285B.230 Local economic development strategy. As used in ORS 285B.230 to 285B.266, unless the context requires otherwise, “local economic development strategy” is a long-term economic development strategy, updated as required by the Oregon Business Development Department, that focuses on the economic development priorities of each community or geographic region in the state. [Formerly 285.630; 1999 c.509 §47; 2003 c.773 §16; 2007 c.804 §62; 2009 c.830 §76]
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[Repealed or reserved.]
ORS 285B.233 Legislative findings; purpose. (1) The Legislative Assembly finds that local economic development activities and initiatives are essential to the state’s long-term prosperity and that to be effective, local economic development strategies must have the coordinated support of available resources
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(2) The Legislative Assembly declares that the purpose of ORS 285B.230 to 285B.266 is: (a) To encourage the development of local economic development strategies that address the economic development priorities of communities in or geographic regions of the state; (b) To identify …
ORS 285B.236 Guidelines for local economic development strategies; required provisions; rules. (1) The Oregon Business Development Department by rule shall adopt guidelines for submission of local economic development strategies and distribution of funds
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(2) The guidelines shall provide that the local economic development strategies are approved in accordance with criteria reflecting the economic benefits to the state. Each local economic development strategy must at a minimum set forth in measurable terms the extent to which the…
ORS 285B.239 [Formerly 285.637; 1999 c.509 §50; 2001 c.552 §2; 2003 c.773 §19; 2007 c.804 §64; repealed by 2009 c.830 §171]
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[Repealed or reserved.]
ORS 285B.242 [Formerly 285.640; 1999 c.509 §51; 2003 c.773 §20; 2007 c.804 §65; repealed by 2009 c.830 §171]
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[Repealed or reserved.]
ORS 285B.245 [Formerly 285.643; 1999 c.509 §52; 2003 c.773 §21; 2007 c.804 §66; repealed by 2009 c.830 §171]
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[Repealed or reserved.]
ORS 285B.248 [Formerly 285.645; 1999 c.509 §53; 2003 c.773 §22; repealed by 2009 c.830 §171]
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[Repealed or reserved.]
ORS 285B.251 [Formerly 285.647; repealed by 1999 c.509 §61]
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[Repealed or reserved.]
ORS 285B.254 [Formerly 285.648; 1999 c.509 §54; 2003 c.773 §23; repealed by 2007 c.804 §86]
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[Repealed or reserved.]
ORS 285B.257 [Formerly 285.649; 1999 c.509 §55; 2003 c.773 §24; repealed by 2007 c.804 §86]
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[Repealed or reserved.]
ORS 285B.260 Local Economic Opportunity Fund; uses; rules. (1) There is created a Local Economic Opportunity Fund, separate and distinct from the General Fund, to consist of all moneys credited thereto, including moneys from the Administrative Services Economic Development Fund, and all interest earned on the Local Economic Opportunity Fund. The fund is continuously appropriated to the Oregon Business Development Department to be used for grants to implement ORS 280.518 and 285B.230 to 285B.266
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(2) The department may use moneys in the Local Economic Opportunity Fund to pay for the administrative expenses of operating the local investment program under ORS 285B.230 to 285B.266. (3) The fund shall not be used to retire any debt, to reimburse any person or municipality for…
ORS 285B.263 [Formerly 285.651; 1999 c.509 §57; 2001 c.552 §3; 2003 c.773 §26; 2007 c.804 §68; repealed by 2009 c.830 §171]
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[Repealed or reserved.]