2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 285B - Economic Development II › Section 285B.290 - Industry Competitiveness Fund; uses.

The Industry Competitiveness Fund is established in the State Treasury, separate and distinct from the General Fund. The Industry Competitiveness Fund shall consist of all moneys credited to the fund, including moneys from the Administrative Services Economic Development Fund. Interest earned by the Industry Competitiveness Fund shall be credited to the fund. Moneys in the fund are continuously appropriated to the Oregon Business Development Department to provide funds for activities outlined in ORS 285B.286. [2007 c.804 §71; 2009 c.830 §83]
Note:
285B.290 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 285B or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
Note:
Sections 4 to 7, chapter 546, Oregon Laws 2023, provide:
Sec. 4.
As used in this section and section 5 of this 2023 Act:
(1) "Business accelerator" means a company:
(a) Operating principally in this state;
(b) With demonstrated success in operating educational programs in which outdoor gear and apparel industry veterans mentor cohorts of founders of emerging outdoor gear and apparel industry companies located in this state; and
(c) Whose purpose is to help incubate and accelerate the growth of emerging companies.
(2) "Membership organization" means a nonprofit organization:
(a) Operating principally in this state;
(b) Consisting of member businesses from the outdoor gear and apparel industry whose principal place of business is in this state; and
(c) That has the purpose of growing the outdoor gear and apparel industry at the state or regional level.
(3) "Outdoor gear and apparel industry" means all traded sector businesses that manufacture gear and apparel for use in outdoor recreation.
(4) "Outdoor recreation" means activities undertaken for pleasure outdoors in natural environments.
(5) "Traded sector" has the meaning given that term in ORS 285B.280. [2023 c.546 §4]
Sec. 5.
(1)(a) The Oregon Business Development Department shall use the expenditure authority under section 3 of this 2023 Act to award matching grants to membership organizations and business accelerators in accordance with this section.
(b) Matching grants awarded under this section must be used by the receiving membership organizations and business accelerators for the purposes of capacity building and technical assistance in the outdoor gear and apparel industry.
(2)(a) The department shall provide public notice whenever there are funds available for matching grants under this section.
(b) The notice must include information about the requirements for eligibility and the application process for the matching grants.
(3)(a) A membership organization or business accelerator seeking a matching grant under this section must file with the department an application in accordance with rules adopted by the department pursuant to paragraph (c) of this subsection. The information included with the application must demonstrate that the applicant is a membership organization or business accelerator.
(b) The department may charge an application fee in an amount that does not exceed the actual costs incurred by the department in processing applications filed pursuant to this section.
(c) The department shall adopt rules that establish the application process for matching grants awarded under this section.
(4) The department may not pay the amount of a matching grant to a membership organization or business accelerator unless the recipient has entered into a grant agreement with the department that establishes the deliverables required from, and other goals to be met by, the recipient. [2023 c.546 §5]
Sec. 6.
No later than September 15, 2024, the Oregon Business Development Department shall submit, in the manner provided in ORS 192.245, a report that sets forth the investments made pursuant to section 5 of this 2023 Act to the interim committees of the Legislative Assembly related to economic development. [2023 c.546 §6]
Sec. 7.
Sections 4 and 5 of this 2023 Act are repealed on January 2, 2026. [2023 c.546 §7]