Relating to economic development; declaring an emergency.

Summary

The bill lets Oregon’s Business Development Department and the governor award grants and zero‑interest loans from a state innovation fund to private companies that qualify as “covered entities.” Recipients must use the money for site development, research, or workforce training and must meet revenue or job‑creation benchmarks. The measure also sets prevailing‑wage rules and declares an emergency to speed implementation.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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