Oregon Business Development Department

The Oregon Business Development Department, also known as Business Oregon, is the state's primary economic development agency dedicated to fostering a globally competitive, diverse, and inclusive economy. Operating under a nine-member commission appointed by the governor, the department's mission is to create, retain, expand, and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding, and support for economic opportunities for Oregon companies and entrepreneurs.

Headquarters and Locations

Headquartered in Salem, Oregon, Business Oregon maintains regional offices in Portland and 12 other locations across the state. This ensures comprehensive support for businesses statewide.

Core Functions

The department's core functions encompass several key areas, including:

• Rural Community Development and Infrastructure Financing: Supporting the growth and development of rural communities by providing financial assistance and resources for infrastructure projects.
• Business Retention, Expansion, and Recruitment: Assisting existing businesses in their growth and expansion efforts, while also attracting new businesses to Oregon.
• Export Promotion and International Trade: Facilitating Oregon businesses' entry into global markets through market research, export financing assistance, and trade missions.
• Industry Innovation and Research and Development: Encouraging innovation and supporting research and development initiatives to enhance the state's industrial competitiveness.
• Entrepreneurship Support and Small Business Assistance: Providing resources and guidance to startups and small businesses to foster entrepreneurship and economic growth.
• Support for Arts and Cultural Organizations: Administering programs that support arts and cultural initiatives, recognizing their role in the state's economy and quality of life.

Additional Agencies and Initiatives

In addition to its primary functions, Business Oregon houses the Oregon Arts Commission and the Oregon Cultural Trust. These entities administer both federal and state investments in arts and culture.

The department also acts as a fiscal agent for the Oregon Film and Video Office, promoting the development of the film, video, and multimedia industry in Oregon.

Impact

Through these diverse programs and initiatives, Business Oregon plays a pivotal role in driving economic development, supporting businesses, and enhancing the overall economic well-being of the state.

Locations

• Salem, OR, USA