Key business bill passes Oregon Senate

Portland Business Journal:

As they near the end of the 2012 short legislative session, Oregon lawmakers have approved a key economic development measure.

House Bill 4040, the so-called Oregon Investment Act, passed the Oregon Senate by a 23-4 vote. The measure would:

Coordinate economic development resources under a new Oregon Growth Board. The board would provide strategies for businesses while aggregating several services in one place.Establish the Oregon Growth Fund, which would back job development tools.Require all state portfolio managers to “seek out private sector leverage” so that the state isn’t a sole investor...

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