Advocates seek state bank

Some small business advocates are calling for Oregon to establish a state bank to partner with community banks to provide business loans.

Some small business advocates are calling for Oregon to establish a state bank to partner with community banks to provide business loans.

The Main Street Alliance of Oregon proposed an institution that would be similar to North Dakota's more than 90-year old system.

It would be a "bankers bank," officials said, and business owners would continue to work with loan officers at community banks.

At a press briefing in Salem, Main Street Alliance officials said their proposal for a state bank likely will be considered by the Legislature this year, although it has not been introduced.

Read more at the Statesman Journal.

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Last modified onMonday, 19 October 2015 11:39

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