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Business Oregon
Nathan Buehler
Marketing Mgr
Email; 503-689-3559

May 7, 2018 Media Contact
Nathan Buehler 503-689-3559

Incubator Focused on Women Entrepreneurs Bolstered by Business Oregon Partnership

The Oregon Growth Fund will be partnering with XXcelerate, a new nonprofit that will target existing gender disparities in access to capital by offering loans to women-owned businesses. XXcelerate Fund is a new financing tool associated with XXcelerator, an education and mentoring program for women-led companies.

"Ensuring our work is supporting sectors traditionally lacking access to capital is a key part of Business Oregon's strategic plan," said Kate Sinner, innovation and entrepreneurship manager at Business Oregon. "This promising new program and its focus will help us do that."

"Female-led startups perform best when supported by other women. Women entrepreneurs represent a massive economic opportunity," said Renée Barillot Shade, Deputy Director of XXcelerate. "In announcing this partnership, the Oregon Growth Board has taken another step towards Oregon capitalizing on these economic gains."

The Oregon Growth Fund provides capital to smaller investment vehicles based in Oregon, to support economic development in line with the state's priorities. The Oregon Growth Board is tasked with the administration of Oregon Growth Fund investments, as well as leveraging and attracting additional capital in Oregon to support business development. Business Oregon staffs the board and operates the fund.

More information on Business Oregon, the Oregon Growth Board, and Oregon Growth Fund is available on Business Oregon's website.

More information on XXcelerate is available on the XXcelerate website.

Business Oregon, the state's economic development agency, invests in Oregon businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy. The agency's services span rural community development and infrastructure financing; business retention, expansion and recruitment; export promotion and international trade; investments in industry research and development and entrepreneurship; small business assistance; and support for arts and cultural organizations.