Legislators Adopt Bill to Improve Capital Access

In February legislators adopted HB 4040 providing what could be an important new financing tool to startups and emerging growth companies. The intent of the bill is to streamline access to capital in state economic development programs and to attract more private investment to Oregon companies. This will be accomplished through a new “Oregon Growth Fund.” The details of how this fund will be structured, managed and capitalized will be mapped out by a new “Oregon Growth Board” and brought back to the legislature in 2013.