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2025 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 285B - Economic Development II
Section 285B.032 - Findings.

Universal Citation:
OR Rev Stat § 285B.032 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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The Legislative Assembly finds that:

(1) Traded sector industries are the foundation of state and regional economic development strategies for long-term job creation and prosperity. Because traded sector jobs typically pay higher than average wages and generate higher than average income tax revenues, such jobs play an important role in supporting critical state services.

(2) Industrial development that provides new traded sector jobs reinforces the economies of local and regional communities and contributes to the economic vitality of the State of Oregon.

(3) There is a shortage of market-ready industrial land in this state. Public and private project sponsors have limited financial tools to facilitate development of significant and complex industrial land that is appropriate for traded sector industrial use.

(4) Public assistance is necessary to overcome development-related constraints and to incentivize industrial land development in this state.

(5) The purpose of ORS 285B.032 to 285B.046 is to provide financial assistance to project sponsors for development and planning projects related to industrial land development, in an amount determined on a case-by-case basis by the Oregon Business Development Department. [2025 c.566 §2]

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