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The Oregon Administrative Rules contain OARs filed through September 15, 2014
 
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OREGON BUSINESS DEVELOPMENT DEPARTMENT

 

DIVISION 56

LOCAL ECONOMIC OPPORTUNITY FUND

123-056-0010

Purpose

As provided in Oregon Revised Statutes (ORS) 285B.260, the Oregon Business Development Department shall administer the Local Economic Opportunity Fund to provide grants for projects that support economic development priorities as identified in approved local economic development strategies.

Stat. Auth.: ORS 285B.230 - 285B.266
Stats. Implemented: ORS 285B.230 - 285B.266
Hist.: OBDD 5-2013(Temp), f. & cert. ef. 6-3-13 thru 11-30-13; OBDD 10-2013, f. 10-31-13, cert. ef. 11-1-13

123-056-0020

Definitions

(1) “Department” means the Oregon Business Development Department.

(2) “Fund” means the Local Economic Opportunity Fund created by ORS 295B.260.

(3) "Approved Strategic Plan" means a strategic plan determined by the Department to meet the requirements set forth in OAR 123-056-0030.

Stat. Auth.: ORS 285B.230 - 285B.266
Stats. Implemented: ORS 285B.230 - 285B.266
Hist.: OBDD 5-2013(Temp), f. & cert. ef. 6-3-13 thru 11-30-13; OBDD 10-2013, f. 10-31-13, cert. ef. 11-1-13

123-056-0030

Strategic Plans

In order to be an Approved Strategic Plan, a strategic plan must:

(1) Identify, address and coordinate the economic development priorities of a community or geographic region in the state of Oregon

(2) Result in economic benefit to the state of Oregon, such as:

(a) Promotes favorable investment climate to strengthen businesses, create jobs, and raise real wages;

(b) Contributes in a manner that improves the national and global competitiveness of Oregon companies;

(c) Assists Oregon communities in building capacity to retain, expand, and attract businesses;

(d) Promotes, fosters and sustains economic development in the state, emphasizing rural and distressed areas; or

(e) Implements economic strategies that reinforce Oregon’s long-term prosperity and livability.

(3) Sets forth, in measurable terms, the extent to which the strategic plan will accomplish the economic development priorities of the community or geographic region of the state of Oregon;

(4) Sets forth, in measurable terms, the extent to which the strategic plan will accomplish the Department’s performance standards as adopted by the Oregon Business Development Commission; and

(5) Be formally adopted by a municipality, a special district, a port, or other governmental entity.

Stat. Auth.: ORS 285B.230 - 285B.266
Stats. Implemented: ORS 285B.230 - 285B.266
Hist.: OBDD 5-2013(Temp), f. & cert. ef. 6-3-13 thru 11-30-13; OBDD 10-2013, f. 10-31-13, cert. ef. 11-1-13

123-056-0035

Distribution of Funds

The Department, in its sole discretion, shall determine grants awarded from the Fund. The grant must support implementation of a project included in an Approved Strategic Plan.

Stat. Auth.: ORS 285B.230 - 285B.266
Stats. Implemented: ORS 285B.230 - 285B.266
Hist.: OBDD 5-2013(Temp), f. & cert. ef. 6-3-13 thru 11-30-13; OBDD 10-2013, f. 10-31-13, cert. ef. 11-1-13

123-056-0040

Waiver of Non-Statutory Requirements

The Director or the Director’s designee may waive non-statutory requirements of this division of administrative rules, if demonstrated that such a waiver serves to further the goals and objectives of ORS 285B.230 to 285B.266, and that it contributes to sound economic or community development.

Stat. Auth.: ORS 285B.230 - 285B.266
Stats. Implemented: ORS 285B.230 - 285B.266
Hist.: OBDD 5-2013(Temp), f. & cert. ef. 6-3-13 thru 11-30-13; OBDD 10-2013, f. 10-31-13, cert. ef. 11-1-13

The official copy of an Oregon Administrative Rule is contained in the Administrative Order filed at the Archives Division, 800 Summer St. NE, Salem, Oregon 97310. Any discrepancies with the published version are satisfied in favor of the Administrative Order. The Oregon Administrative Rules and the Oregon Bulletin are copyrighted by the Oregon Secretary of State. Terms and Conditions of Use

Oregon Secretary of State • 136 State Capitol • Salem, OR 97310-0722
Phone: (503) 986-1523 • Fax: (503) 986-1616 • oregon.sos@state.or.us

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