Project Eligibility

The Fund may be used to finance projects that will be used for: (1) Economic development within the Region in that leads to private investment in order to create and retain jobs, and establish or expand businesses; (2) Expansion of transportation infrastructure to ensure traded sector goods and services can move in and out of the Region. (3) Expansion or enhancement of workforce development in the region, including development and improvement of residential housing necessary to attract and keep employees in the region that is responsive to the Region’s businesses and industries. (4) Certification of regionally significant industrial sites within the Region. (5) Due diligence assessment, or other assessment and evaluations that prepare a site for development under the Oregon Industrial Site Readiness Program ORS 285B.635 to 285B.640. (6) Extension of private utilities, including but not limited to gas and electrical connections, to regionally significant industrial sites within the Region. (7) Provision of support services and technical assistance to entrepreneurs and business owners in the Region, including but not limited to small business development centers established under ORS 285B.165 to 285B.171. Statutory/Other Authority: ORS 284.771 - 284.801 Statutes/Other Implemented: ORS 284.771 - 284.801 History: EOBED 1-2019, adopt filed 10/04/2019, effective 10/04/2019