Funding Eligibility

The Strategic Reserve Fund may be used to finance economic and community development projects that: (1) Are reasonably expected to result in new jobs, job retention, or higher incomes for Oregonians; (2) Provide assistance to businesses that are considering starting in, expanding in, or relocating to Oregon. Assistance will be reserved for projects that result in a significant long-term economic benefit for residents of the county in which the project will be located; or (3) Serve as a catalyst for additional economic and community development benefits, or that will result in improved utilization of existing Oregon resources. Statutory/Other Authority: ORS 285A.075(5) & 285A.110 Statutes/Other Implemented: ORS 285B.266 History: EDD 7-2000, f. & cert. ef. 4-11-00 EDD 29-1988, f. & cert. ef. 8-30-88 EDD 26-1988(Temp), f. & cert. ef. 7-13-88