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March 2017  

News about Tax Credits

Renewing Oregon’s New Markets Tax Credit Program Will Lead to Growth in the State’s Low-Income Communities
The Oregon Low Income Community Jobs Initiative, more commonly known as the Oregon New Markets Tax Credit (NMTC) program, is a financing tool that gives a boost to business in federally designated low-income areas in Oregon. The Oregon NMTC program’s aim was to create jobs in underserved areas by attracting new private investors to the state by offering a modest tax incentive for investments that help to fill financing gaps for Oregon businesses located in low-income communities. The program’s initial allocation authority has been completely deployed, and there are currently two bills being evaluated by the Oregon Legislature that would authorize a second round of allocation authority, HB 2155 and HB2158. Renewing and expanding the Oregon NMTC program will enable low-income communities to receive more investment, gain more jobs, increase tax revenues, increase access to social services, and create more vibrant communities. Read more

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News from OEDA Members - EDCO

EDCO welcomes Elise Rossman as Director of Marketing and Communications
BEND, OR –  Economic Development for Central Oregon (EDCO) is pleased to welcome the addition of Elise Rossman as Director of Marketing and Communications.  In this role, Elise will be responsible for maintaining and growing EDCO’s voice in region, while assisting with marketing and public relations efforts consistent with EDCO’s mission of creating a vibrant and diversified regional economy in Central Oregon. Read more

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News from OEDA Members - Greater Portland Inc

City of Tigard Secures $1.7 Million for New Infrastructure in Hunziker Core
The City of Tigard secured funding to build a new street, connecting Hunziker Street to 72nd Avenue via Tech Center Drive, based upon $1.7 million in new funding.  Last week, the regional Joint Policy Advisory Committee on Transportation (JPACT) coordinated through METRO approved $1.7M in funding for the second phase of the City of Tigard’s Hunziker Infrastructure Project.  To read the full article, visit: http://www.greaterportlandinc.com/news-events/blog/city-of-tigard-secures-17m-for-new-infrastructure-in-hunziker-core/

Subaru Opens Mammoth Distribution Facility in Gresham
Subaru of America Inc. has opened a massive master parts distribution center in Gresham. The 600,000-square-foot facility will serve as a key West Coast hub for Subaru's existing regional center network. The company plans to hire 50 full-time workers at the site, into which $60 million was poured. The facility sits at the Port of Portland’s Gresham Vista Business Park. It will work with nine Subaru regional distribution centers. For the full article, click here.

GPI Launches New Ambassador Program
GPI is excited to announce the launch of the Greater Portland Ambassadors program! Thank you to our private and public sector partners who attended the program orientation. We are pleased to have you involved in learning more about regional assets and being champions of regional competitiveness. Learn more about Greater Portland Ambassadors, at http://greaterportlandinc.com/investors/gp-ambassadors-read-more.html

Welcome Leigh Anne Hogue to Oregon City
Leigh Anne Hogue has recently started a new position as the Oregon City Economic Development Coordinator. Leigh Anne previously worked with the Eugene Chamber of Commerce as their Economic Development Manager and has her Masters in Community and Regional Planning from University of Oregon. GPI is excited to welcome a new regional partner to the metro area!

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News from OEDA Members - McMinnville

NEXT: Strategic Solutions for Advanced Manufacturing Still Open for Registrants
MCMINNVILLE, OR - McMinnville Economic Development Partnership announces NEXT: Strategic Solutions for Advanced Manufacturing, a solution driven series designed to assist manufacturers with the problems they face daily. Designed by MEDP and with the help of our accredited speakers, the NEXT Series was formed to help manufacturers continue the success they find today by being prepared for what comes “next.” Read more

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News from OEDA Members - Oregon City

Oregon City - Beavercreek Employment Area
The Beavercreek Employment Area is over 80 acres of industrial land next to Clackamas Community College. The Area has a large economic impact for Oregon City—once developed, this Area has the potential of creating 1,650 jobs with an estimated payroll of over $124 million.

The City, and their partners, are working diligently to get the Beavercreek Employment Area ready for development. Here are a few things they have planned for 2017.

Save the Date! Industrial Technical Center Ground Breaking: Clackamas Community College’s Industrial Technical Center is an important part of the Beavercreek Employment Area because it’s where the next generation of skilled workforce will be trained. The Community College is racing towards construction with their Ground Breaking Ceremony planned for April 6th from 4:00-5:00 p.m.

Putting Education to Work: Oregon City is working with Clackamas Community College, Oregon City Chamber of Commerce, and Clackamas County on a marketing campaign for the Beavercreek Employment Area called “Putting Education to Work”. The goal of the marketing campaign is to attract developers and businesses to build on the sites, especially because of the proximity to Clackamas Community College, the future Industrial Technical Center, and their future workforce. Keep a lookout for the City’s marketing launch in spring 2017!

Construction Ahead: In 2016, Oregon City received a $60,000 grant from the State to design a sewer main for the area. Adding sewer infrastructure gets the Beavercreek Employment Area properties one step closer to development. Due to the design project, the City Commission has directed staff to move forward in identifying funding for sewer construction targeted for late summer 2017.

Oregon City – the Next Big Tourism Destination
Oregon City has a lot to offer tourists with historical destinations, a growing downtown, and access to the outdoors. The City is committed to capturing part of the $10.8 Billion industry in Oregon by increasing tourism activity in Oregon City. To do this, the Economic Development Department issued two Request for Proposals.

The first RFP is to expand the 2015 Oregon City Tourism Strategic Plan to meet the City’s economic goals of increasing the number of tourists/visitors to Oregon City, increasing the length of their stay, and increasing the average amount tourists spend in Oregon City.

The second RFP is to create an experience-based tourism marketing product in partnership with the Downtown Oregon City Association. The marketing effort is possible due to a grant from Travel Oregon and matching funds from the City of Oregon City. Both tourism projects will be complete in summer 2017.

Visit http://www.orcity.org/ to learn more about the projects and view the RFPs.

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News from OEDA Members - Oregon RAIN

The Oregon Regional Accelerator and Innovation Network (RAIN) is proud to announce news from its network initiatives.

OSU Advantage Accelerator/RAIN Corvallis Launches Third Accelerate Cohort
Driving its entrepreneurial ecosystem, the OSU Advantage Accelerator/RAIN Corvallis, welcomes twelve startups to it’s newest Accelerate cohort beginning January 18 and running through March 22. The Oregon State University Advantage Accelerator/ RAIN Corvallis focuses on high-growth, innovative companies from the mid-Willamette Valley and extended Oregon State University community, where they assist innovators and entrepreneurs, providing the tools and resources necessary for success with their emerging enterprises.

“We are thrilled with this new cohort which encompasses a wide range of technologies and services and we welcome them into the RAIN family.  The goal of Accelerate is for each enterprise to develop a strong Product/Market fit, a really understanding of customer needs and to validate their value proposition,” said Karl Mundorff, Director of the OSU Advantage Accelerator/RAIN Corvallis. “We have ten companies from the mid-Willamette valley, one from Portland and one from Bend representing community members, researchers and students.  Together these enterprises will become a part of the network of people, programs and capital comprising RAIN and its ability to mentor and successfully grow companies in Oregon.” http://advantage.oregonstate.edu/advantage-accelerator/clients

http://www.oregonrain.org/

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News from OEDA Members - Rural Development Initiatives

Seafood Business Investments Become a Reality
ROSEBURG – NeighborWorks Umpqua in partnership with SouthWestern Oregon Food System Collaborative (SWOFSC) and Rural Development Initiatives (RDI) is pleased to announce the investment of $45,000 in businesses located on the south coast of Oregon. As a result of those proposals submitted, SWOFSC is proud to announce the following investment awards: Read more

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