Oregon Success Stories
Expansion of Cold Storage Facilities Results in 35 New Jobs
NORPAC and Henningsen Cold Storage will collaborate on a major expansion of food processing facilities in Salem.
Oregon Administrative Rules
Oregon Revised Statutes (ORS)
The Oregon Business Development Fund (OBDF) is a revolving loan fund that provides term fixed-rate financing for land, buildings, equipment, machinery and permanent working capital. Participants must create or retain jobs and must typically be a traded-sector business in manufacturing, processing or distribution. The program gives preference to projects located in rural and distressed areas and to small businesses with fewer than 100 employees.
Applications must show the business:
The Small Business Expansion Program, operating within the OBDF direct loan program, is a new alternate financing solution, allowing businesses to pay a periodic revenue payment as a percentage of net sales combined with scheduled monthly payments of principal and interest (fixed rate) to accommodate growing companies that may not qualify for traditional financing. Learn more >>