Relating to innovation-based economic development; appropriating money; and declaring an emergency.
Catchline/Summary:
Authorizes Oregon Innovation Council to make grants and loans from Oregon Innovation Fund to Oregon growth businesses that further innovation-based economic development in this state. Authorizes Oregon Innovation Council to make grants and loans and provide gap funding and seed capital] from Oregon Innovation Fund to Oregon emerging] growth businesses that further innovation-based economic development in this state.
Permits council to determine eligibility of proposals for revenue bond financing. Requires Oregon Business Development Department to request issuance of revenue bonds by State Treasurer upon determination of eligibility.
Authorizes Oregon Innovation Council to establish one or more signature research centers.
Establishes clean energy economic development charge to be collected by public utilities for deposit in Oregon Innovation Fund to fund loans, grants, gap funding and seed capital for innovation-based economic development that involves clean energy.]
Declares emergency, effective on passage.
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HB 3507
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