HB2890 • 2025

Authorizes the Oregon Innovation Council to make grants to small businesses for seed and start-up capital and gap funding to create and support invention, innovation and economic development in rural areas of this state.

Small Business

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Evans
Last action: 2025-06-27
Official status: In House Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 House
In committee upon adjournment.
2025-01-17 House
Referred to Economic Development, Small Business, and Trade with subsequent referral to Ways and Means.
2025-01-13 House
First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act allows the OIC to give grants for economic development in rural areas of this state. (Flesch Readability Score: 60.6).
Authorizes the Oregon Innovation Council to make grants to small businesses for seed and start-up capital and gap funding to create and support invention, innovation and economic development in rural areas of this state. Authorizes the council to provide monetary awards to the winners of contests that are designed to attract invention, innovative and entrepreneurial solutions and opportunities in rural areas of this state.
Establishes the Oregon Fund for Rural Small Business Development. Continuously appropriates moneys in the fund to the council to implement the grant program.
Relating to: Relating to small business economic development in rural areas of the state.
Current location: In House Committee