HB 2419 State loans to businesses

Posted on February 10, 2023 by dbleiler | 0 Comments

This bill directs the State Treasurer to establish linked deposit program under which State Treasurer purchases investment instruments from qualified depository at below-market rates and qualified depository issues below-market rate loans to minority-owned businesses, woman-owned businesses or businesses that service-disabled veterans own. Oregon may need to make risky loans to stimulate small businesses to replace those leaving the state or…

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