Business Oregon is taking an endowment approach to the funding and allocating it through four self-sustaining strategies. These strategies were developed within the bounds of the federal guidelines, supported with input from initial engagement with partners in the business, investment and finance communities, and with input from Business Oregon’s Commissions, Boards and Committees.
Of the funding, $42 million will be used for innovation-related small business equity and debt through two funding approaches; Business Oregon Venture Capital Programs and Venture Capital Debt Programs. An additional $41.5 million of the funding will be used to support small business commercial lending needs common to the retail, service, agriculture, processing, distribution and manufacturing industries through both Loan Guarantees with Private Lenders and through the Community Re-lender Fund.