Appropriates moneys to the Oregon Business Development Department for grants awarded in conjunction with the federal Small Business Innovation Research program.

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Appropriates moneys to the Oregon Business Development Department for grants awarded in conjunction with the federal Small Business Innovation Research program.

<b>Digest: The Act would give money to Business Oregon so that it may make grants to small firms in conjunction with a federal grant program.

What This Bill Does

• <b>Digest: The Act would give money to Business Oregon so that it may make grants to small firms in conjunction with a federal grant program.
• (Flesch Readability Score: 62.6).</b> [<i>Digest: The Act would require a study of the Small Business Innovation Research matching grant program.
• The Act would require a report of the study to be submitted next year.
• (Flesch Readability Score: 63.7).</i>] [<i>Requires the Oregon Business Development Department to study the Small Business Innovation Research matching grant program administered by the Oregon Innovation Council.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

<b>Digest: The Act would give money to Business Oregon so that it may make grants to small firms in conjunction with a federal grant program. (Flesch Readability Score: 62.6).</b>
[<i>Digest: The Act would require a study of the Small Business Innovation Research matching grant program. The Act would require a report of the study to be submitted next year. (Flesch Readability Score: 63.7).</i>]
[<i>Requires the Oregon Business Development Department to study the Small Business Innovation Research matching grant program administered by the Oregon Innovation Council. Directs the department to submit a report of the study to the interim committees of the Legislative Assembly related to economic development no later than September 15, 2026.</i>]
[<i>Sunsets January 2, 2027.</i>]
<b>Appropriates moneys to the Oregon Business Development Department for grants awarded in conjunction with the federal Small Business Innovation Research program.</b>
Relating to: Relating to the Small Business Innovation Research matching grant program.
Current location: In House Committee

Current Bill Text

1
2
3
4
5
6
7
8
83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
A-Engrossed
House Bill 2418
Ordered by the House April 10
Including House Amendments dated April 10
Introduced and printed pursuant to House Rule 12.00. Presession filed (at the request of House Interim Committee
on Economic Development, Small Business, and Trade for Representative Daniel Nguyen)
SUMMARY
The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject
to consideration by the Legislative Assembly. It is an editor’s brief statement of the essential features of the
measure. The statement includes a measure digest written in compliance with applicable readability standards.
Digest: The Act would give money to Business Oregon so that it may make grants to
small firms in conjunction with a federal grant program. (Flesch Readability Score: 62.6).
[Digest: The Act would require a study of the Small Business Innovation Research matching grant
program. The Act would require a report of the study to be submitted next year. (Flesch Readability
Score: 63.7).]
[Requires the Oregon Business Development Department to study the Small Business Innovation
Research matching grant program administered by the Oregon Innovation Council. Directs the depart-
ment to submit a report of the study to the interim committees of the Legislative Assembly related to
economic development no later than September 15, 2026. ]
[Sunsets January 2, 2027. ]
Appropriates moneys to the Oregon Business Development Department for grants
awarded in conjunction with the federal Small Business Innovation Research program.
A BILL FOR AN ACT
Relating to the Small Business Innovation Research matching grant program.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
In addition to and not in lieu of any other appropriation, there is appropri-
ated to the Oregon Business Development Department, for the biennium beginning July 1,
2025, out of the General Fund, the amount of $3,000,000 for the purpose of funding Small
Business Innovation Research grants.
NOTE: Matter in boldfaced type in an amended section is new; matter [ italic and bracketed] is existing law to be omitted.
New sections are in boldfaced type.
LC 3185