Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 16 - BUSINESS RETENTION FUND
Section 123-016-0010 - Definitions
Universal Citation: OR Admin Rules 123-016-0010
Current through Register Vol. 63, No. 9, September 1, 2024
For the purposes of these rules additional definitions may be found in Procedural Rules, OAR 123-001. The following terms shall have the following definitions, unless the context clearly indicates otherwise:
(1) Business retention services means technical assistance provided by experts, as qualified by the department, focused on retaining the viable operation of an existing business in Oregon. The services include, but are not limited to the following types of assistance:
(a) Assessment -- initial evaluation to
determine the extent of issues experienced by the business and the likelihood
of the business's viability.
(b)
Management consulting -- identifying and solving problems including, but not
limited to, management improvements, marketing problems, financial problems,
equipment needs, productivity improvements, production control, cost and
pricing systems, and/or ownership.
(c) Feasibility study -- a study conducted to
analyze the feasibility of reopening, keeping open, or converting a business
firm or a facility to another product, identify ownership possibilities,
including employee ownership, and conduct an appraisal of the facility's assets
to be purchased.
(d) Conversion
plan -- a plan to convert a facility to a new product or enter a new market or
convert a company's ownership structure, including an employee
buy-out.
(e) Transition plan --
strategic and business plans to grow or alter a business operation, including,
but not limited to, mergers and transitions to local owners.
(f) Restructuring plan -- plan for the
acquisition of new equipment, technologies, management practices, sourcing
solutions, and growth options focused on retaining the viable operation of an
existing business in Oregon.
(g)
Any other type of technical assistance necessary to retain a business in
Oregon, maintain Oregon employees, or assist an Oregon business to manage
growth that will lead to the creation of new jobs in Oregon.
(2) "Fund" means the Business Retention Fund.
Stat. Auth.: ORS 285A.075
Stats. Implemented: ORS 285A.224
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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