House committee to extend business expansion loan fund

| Print |  Email
Must Reads
Thursday, March 14, 2013

A House committee approved a bill to extend the subsidy that helped land Salesforce.

House Bill 2225, introduced at the request of Gov. John Kitzhaber, would remove the sunset from Oregon’s Business Retention and Expansion Program. The bill would also give the state’s economic development arm the power to transfer money from a strategic reserve fund to make the loans. Debts are forgiven if recipients meet certain workforce and wage requirements.

Salesforce, for instance, must create and maintain 205 new jobs, among other requirements, in exchange for $1.4 million from the state.

Read more at OregonLive.com.

{biztweet}business expansion{/biztweet}

 

More Articles

That's Not a Watch (This Is a Watch)

February 2015
Tuesday, January 27, 2015

Smartwatches are all the rage. But old-fashioned timepieces keep on ticking.


Read more...

Ski traffic

News
Tuesday, January 20, 2015
0121-skiway-thumbBY LINDA BAKER | OB EDITOR

A place-based multimodal transportation plan for Mt. Hood is long overdue.


Read more...

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


Read more...

Finding a Balance

Contributed Blogs
Thursday, January 29, 2015
012915-passinvst-thumbBY JASON NORRIS | OB GUEST BLOGGER

Active vs. passive investing: what you need to know.


Read more...

Free Falling

Contributed Blogs
Thursday, December 18, 2014
121714-oilprice-thumbBY JASON NORRIS | OB CONTRIBUTOR

The implosion of the energy complex: The best thing for low oil prices is low oil prices.


Read more...

Transportation Fairness Alliance holds demonstration in Pioneer Square

The Latest
Wednesday, January 14, 2015
IMG 3367BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Portland's cab companies urged city hall for consideration as officials weigh new rules for Uber and other ridesharing companies.


Read more...

Leading with the right brain

News
Tuesday, December 09, 2014
120914-manderson-thumbBY LINDA BAKER

On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS