Home Must Reads House committee to extend business expansion loan fund

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

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Knight Vision

October 2014
Thursday, September 25, 2014
BY VIVIAN MCINERNY

Travis Knight wants to release a movie a year. Can he pull it off?


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