Oregon Administrative Rules
Chapter 123 - OREGON BUSINESS DEVELOPMENT DEPARTMENT
Division 16 - BUSINESS RETENTION FUND
Section 123-016-0020 - Eligibility
Universal Citation: OR Admin Rules 123-016-0020
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Except as set forth in 123-016-0020(2), the following are eligible recipients of business retention services:
(a) A for-profit business firm, whose Oregon
facility is:
(A) Engaged in:
(i) Technology manufacturing;
(ii) Wood and forest products
processing;
(iii) Clean
technologies;
(iv) Outdoor gear or
active wear production;
(v)
Agriculture or aquaculture development;
(vi) Food or seafood processing;
(vii) Other advanced manufacturing;
or
(viii) producing goods or
services and competing in markets for which regional, national or international
competition exists; and
(B) Experiencing at least one of the
following issues: Declining employment, declining sales, declining profits, or
an erosion of working capital, that is likely to lead to major employee layoffs
or closure of the business, or an emerging industry or part of an industry
cluster with high potential for market growth, job retention and job creation.
(b) A public or
non-profit, private entity which:
(A) has as
one of its primary purposes, as stated in its articles of incorporation,
charter or bylaws, the promotion of economic development in Oregon;
and
(B) Is requesting business
retention services for an industrial facility in Oregon which is actually
closed or houses a business which has announced its closure.
(2) Business retention services shall not be used to relocate a business from one labor market in Oregon to another.
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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