Title 26A, Economic Development

For purposes of ORS 285B.003 to 285B.030: (1) The allowable costs of a development project include: (a) Property acquisition and assembly costs associated with creating large development parcels, including any easement or right of way directly related to and necessary for a devel…

(1)(a) A project sponsor seeking financial assistance from the Industrial Lands Loan Fund must submit an application in the manner and form required by the Oregon Business Development Department. (b) At a minimum, each application must include: (A) The name and nature of the proj…

(1) Upon approval of an application submitted under ORS 285B.018, the Oregon Business Development Department, notwithstanding any other provision of law or any restriction on indebtedness contained in a charter, and the project sponsor of the eligible project to which the applica…

(1) A project sponsor may repay financial assistance provided for an eligible project under ORS 285B.003 to 285B.030 from any source, including, but not limited to: (a) Revenues generated by the eligible project, including special assessment revenues. (b) Amounts withheld under O…

(1) If a project sponsor fails to comply with ORS 285B.003 to 285B.030 or an agreement entered into under ORS 285B.021, the Oregon Business Development Department may seek appropriate legal remedies to secure any repayment of obligations due from the project sponsor to the Indust…

(1)(a) The Industrial Lands Loan Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Industrial Lands Loan Fund shall be credited to the fund. (b) Moneys in the fund are continuously appropriated to the Oregon Business De…

The Legislative Assembly finds that: (1) Traded sector industries are the foundation of state and regional economic development strategies for long-term job creation and prosperity. Because traded sector jobs typically pay higher than average wages and generate higher than averag…

As used in ORS 285B.032 to 285B.046: (1) “Administrative costs” includes, but is not limited to, the direct and indirect costs incurred by the Oregon Business Development Department for: (a) Investigating and processing applications submitted under ORS 285B.040; (b) Negotiating a…

(1)(a) The Oregon Business Development Department may provide financial assistance to a project sponsor, for allowable costs expended for an industrial land development project, from moneys in the Industrial Site Loan Fund established under ORS 285B.046, in accordance with this s…

(1)(a) The Oregon Business Development Department may make a forgivable loan to a project sponsor, for allowable costs related to a planning project, from moneys in the Industrial Site Loan Fund established under ORS 285B.046, in accordance with this section. (b) The department s…

(1) The Oregon Business Development Department may directly or indirectly expend or loan moneys in the Industrial Site Loan Fund established under ORS 285B.046 or extend credit to: (a) Provide to project sponsors of an eligible project related to industrial land any form of finan…

For purposes of ORS 285B.032 to 285B.046: (1) The allowable costs of a development project include: (a) Property acquisition and assembly costs associated with creating large development parcels, including any easement or right of way directly related to and necessary for a devel…

(1)(a) A project sponsor seeking financial assistance from the Industrial Site Loan Fund must submit an application in the manner and form required by the Oregon Business Development Department. (b) At a minimum, each application must include: (A) The name and nature of the proje…

(1) Upon approval of an application submitted under ORS 285B.040, the Oregon Business Development Department, notwithstanding any other provision of law or any restriction on indebtedness contained in a charter, and the project sponsor of the eligible project to which the applica…

(1) A project sponsor may repay financial assistance provided for an eligible project under ORS 285B.032 to 285B.046 from any source, including, but not limited to: (a) Revenues generated by the eligible project, including special assessment revenues. (b) Amounts withheld under O…

(1) If a project sponsor fails to comply with an agreement entered into under ORS 285B.041, the Oregon Business Development Department may seek appropriate legal remedies to secure any repayment of obligations due from the project sponsor to the Industrial Site Loan Fund. (2)(a) …

(1)(a) The Industrial Site Loan Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Industrial Site Loan Fund shall be credited to the fund. (b) Moneys in the fund are continuously appropriated to the Oregon Business Deve…

As used in ORS 285B.050 to 285B.098, unless the context requires otherwise: (1) “Applicant” means any county, municipality, person or any combination of counties, municipalities or persons applying for a loan from the Oregon Business Development Fund under ORS 285B.050 to 285B.09…

(1) Any county, municipality, person or any combination of counties, municipalities and persons may file with the Oregon Business Development Department an application to borrow money from the Oregon Business Development Fund for a business development project as provided in ORS …

The Oregon Business Development Department shall charge fees and establish rules to underwrite loans from the Oregon Business Development Fund. [Formerly 285.410; 2007 c.804 §42; 2009 c.830 §51]

(1) The Oregon Business Development Commission may approve a business development project proposed in an application filed under ORS 285B.050 to 285B.098 if, after investigation, the commission finds that: (a) The proposed business development project is feasible and a reasonable…

If the Oregon Business Development Commission approves a business development project, the commission, on behalf of the state, and the applicant may enter into a loan contract of not more than $2 million, secured by good and sufficient collateral, which shall set forth, among oth…

(1) Beginning with the 2023 calendar year, the Oregon Business Development Department shall annually adjust the maximum contract amounts specified in ORS 285B.059 (1)(e) and 285B.062 by multiplying each amount by the percentage change in the monthly averaged Consumer Price Index …

The Oregon Business Development Department may make loans in distressed areas, as defined by the department, without regard to the requirements for security and collateral under ORS 285B.059 and 285B.062 that are otherwise applicable. [Formerly 285.416; 2009 c.830 §54]

(1) If the Oregon Business Development Commission approves a loan for a business development project and the applicant has received all necessary permits required by federal, state and local agencies, the commission shall pay moneys for the project from the Oregon Business Develo…

(1) The Oregon Business Development Commission may appoint the Director of the Oregon Business Development Department as the commission’s representative and agent in all matters pertaining to ORS 285B.050 to 285B.098. (2) The director shall ensure that all provisions of ORS 285B.…

The Oregon Business Development Department shall develop rules governing repayment of loans to the Oregon Business Development Fund and collection of moneys owed the fund. The department may take any action permitted by statute or rule that the department deems necessary for repa…

Except as provided in ORS 285B.086, if any business development project is refinanced or financial assistance is obtained from other sources after the execution of the loan from the state, those may first be used to repay the state, unless provided otherwise by the committee, if …

(1) The Oregon Business Development Commission may authorize funds from the Oregon Business Development Fund to be used in appropriate joint governmental participation projects or as match money with any municipally, county, state or federally funded business development project …

If the Oregon Business Development Commission approves an application for the loan of moneys authorized by ORS 285B.086, the commission shall enter into a loan contract, secured by good and sufficient collateral as determined by the commission, with the applicant that provides, a…

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

(1) The Oregon Business Development Commission may establish the Oregon Targeted Development Account as an account within the Oregon Business Development Fund. (2) The purpose of the Oregon Targeted Development Account is to promote cooperation and foster partnership among the co…

A loan made to a county or municipality under ORS 285B.050 to 285B.098 shall not be a general obligation of that county or municipality, nor a charge upon the tax revenues of that county or municipality, nor a charge upon any other revenues or property of that county or municipal…

As used in ORS 285B.109 to 285B.119, unless the context requires otherwise: (1) “Brownfield” or “brownfields” has the meaning given that term in ORS 285A.185. (2) “Capital access program” means the program established by ORS 285B.109 to 285B.119. (3) “Environmental action” has th…

It is the purpose of ORS 285B.109 to 285B.119 to establish a capital access program under which the State of Oregon will provide public fiscal resources to assist Oregon financial institutions to overcome obstacles and constraints in meeting the full range of economically sound f…

(1) The Oregon Business Development Department may contract with any financial institution for the purpose of allowing the financial institution to participate in the capital access program established by ORS 285B.109 to 285B.119. (2) A contract between the department and a finan…

(1) The Oregon Business Development Department shall establish a loss reserve account for each financial institution with which the department makes a contract under ORS 285B.113. (2) The loss reserve account for a financial institution shall consist of moneys paid as fees by bor…

(1) When a financial institution participates in the capital access program, if the financial institution decides to enroll a qualified loan under the capital access program in order to obtain the protection against loss provided by its loss reserve account, the financial institu…

(1) The Oregon Business Development Department shall establish procedures under which financial institutions participating in the capital access program established by ORS 285B.109 to 285B.119 may submit claims for reimbursement for losses incurred as a result of qualified loan d…

(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 est…

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]

(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. (2) As used in the Oregon Small Business Development Act of 1983, “small business” means a business having 100 or …

(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…

(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 Orego…

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]

(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…