Paul Evans
- Democratic
- Representative
- District 20
Primary
Establishes the Local Markets Small Business Capital Loan Program to be administered by the Oregon Business Development Department for the purpose of making interest-only loans to allow businesses with not more than 50 employees to hire new employees. Requires the payment of principal plus penalty for failure to hire and retain employees for at least two years. Establishes the Local Markets Small Business Capital Loan Fund for the purpose of administering the loan program. Appropriates moneys to the department for the purpose of administering the loan program and loan fund.
No votes to display
In committee upon adjournment.
Referred to Economic Development, Small Business, and Trade with subsequent referral to Ways and Means.
First reading. Referred to Speaker's desk.
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