INNOVATION FOR FUTURE GROWTH
The Oregon Innovation Council (Oregon InC) connects Oregon companies with the knowledge and expertise to help them compete and win in the global economy.
More than 250 companies have used the labs and researchers available through Oregon InC, getting access to cutting edge research and development strengthening their ability to grow.
$300M Federal & Private Investment
With $58 million in state investment over its existence, Oregon InC has leveraged more than $300 million in federal and private grants and helped create 18 companies.
Oregon InC's signature research centers help emerging Oregon companies gain critically needed access to the intellectual capital and research expertise of Oregon's university system. Oregon InC's commercialization grants help turn innovative ideas into commercial products, helping startup companies develop initial products so they can attract venture capital and financial backing to grow their ideas.
Business Oregon also has nine Business Development Officers (BDO) located across the state who are regional experts, they know available financing options and have managed more than 200 expansion opportunities and projects for local companies.
Business Oregon's "Oregon Advantage" web portal helps communicate critical information about Oregon's competitive business environment. It has a searchable database of available certified industrial properties, and an intake form where site selectors can directly communicate with Oregon's national recruitment manager.
Business Oregon helps small businesses access technical assistance from experts both in the department and from a team of industry consultants. The Office of Minority, Women and Emerging Small Businesses (OMWESB) not only certifies businesses, but also provides a searchable database to help those companies find new customers.
Business Ready Sites
Business Oregon's industrial site certification program worked with local partners to fast-track certification of 112 acres around the state, bringing the total number of certified sites in Oregon to 73.
Business Oregon's brownfields program helped Oregon communities access more than a million dollars in federal cleanup funds during FY2012.
In addition to direct assistance, Business Oregon works to create a competitive business environment that can foster growth for Oregon businesses. Experts help local communities establish and operate enterprise zones to drive expansion and job creation; and we assist companies seeking tax credits and incentives to locate here in Oregon. Business Oregon works directly with the Oregon Manufacturing Extension Partnership (OMEP) to help Oregon companies incorporate LEAN manufacturing principles.
Business Oregon's Infrastructure Finance Authority (IFA) addresses community infrastructure needs and sets the stage for economic growth. Community Development Block Grants (CDBG) help fund critical community facilities serving low-income Oregonians. In FY2012, the IFA delivered 30 CDBG grants to Oregon communities investing more than $14 million.
$64.6M In Capital
The IFA team works with business development experts to help Oregon communities prepare key sites for industrial development. The IFA's infrastructure programs build facilities to provide clean water and sewer services for thousands of Oregonians, particularly in rural areas.
In 2012, grants and loans from the IFA's Special Public Works Fund, Water/Wastewater Fund and Safe Drinking Water Revolving Loan Fund helped 50 municipal projects with grant and loan commitments totaling more than $49 million for economic development and infrastructure improvements.
Ports programs have modest resources but were able to provide $834,750 to 10 port projects.
Business Oregon works to create, retain, expand and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding and support of economic opportunities for Oregon companies and entrepreneurs.