Provides grants for industrial site readiness

SB 253 requires the Oregon Business Development Department to establish the Oregon Industrial Site Readiness Program and provides grants for due diligence assessments and detailed development plans for regionally significant industrial sites.

 

Provides loans for industrial site developers

SB 246 requires the Oregon Business Development Department to enter into tax reimbursement arrangements with, or to make loans to, qualified project sponsors for development of certified regionally significant industrial sites.