Go to Other Versions of The Oregon Rev. Stat.
  1. 2025 Oregon Rev. Stat. (here)
  2. 2023 Oregon Rev. Stat.
  3. 2021 Oregon Rev. Stat.
  4. View All Versions

2025 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 285B - Economic Development II
Section 285B.761 - Economic Equity Investment Program; grants; eligible projects; technical assistance.

Universal Citation:
OR Rev Stat § 285B.761 (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.
Previous Next

(1) The Oregon Business Development Department shall develop and implement an Economic Equity Investment Program under which the department shall award grants to organizations that provide culturally responsive services to support economic stability, self-sufficiency, wealth building and economic equity among disadvantaged individuals, families, businesses and communities in this state.

(2)(a) The department shall prescribe the form and manner in which an organization may apply for a grant under the program.

(b) An organization’s application must demonstrate a proven ability to provide services as described in subsection (3) of this section.

(3) Grant moneys shall be awarded to organizations only for proposals to provide outreach, support and resources to individuals, families, businesses or communities whose future is at risk because of any combination of two or more economic equity risk factors in order to improve economic equity as measured by:

(a) Ownership of land, principal residences and other real property;

(b) Entrepreneurship;

(c) Business development;

(d) Workforce development; and

(e) Intergenerational wealth building, such as savings, investments and real property equity.

(4) Upon request, the department shall provide technical assistance to organizations that receive grant moneys under the program and may consult with an organization about the organization’s needs to maintain capacity to carry out the proposal for which the grant moneys were awarded. [2022 c.103 §2]

Note: See note under 285B.760.

Previous Next
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.