Oregon Business Development Department
Chapter 123
Division 16
BUSINESS RETENTION FUND
123-016-0020
Eligibility
(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.
Statutory/Other Authority: ORS 285A.075
Statutes/Other Implemented: ORS 285A.224
History:
OBDD 12-2010, f. 4-30-10, cert. ef. 5-1-10
EDD 12-2009, f. & cert. ef. 10-1-09
Reverted to EDD 13-1988, f. 5-24-88 (and corrected 5-27-88), cert. ef. 5-27-88
EDD 19-2008(Temp), f. 6-9-08 cert. ef. 6-10-08 thru 11-15-08
EDD 13-1988, f. 5-24-88 (and corrected 5-27-88), cert. ef. 5-27-88
EDD 4-1987(Temp), f. & ef. 10-1-87