HB 3210
Directs the Oregon Business Development Department to distribute moneys available through the federal State Small Business Credit Initiative to Lit Motors, Inc., to fund the manufacture of electric vehicles in Oregon, with attendant economic benefits.
Jurisdiction
Oregon
Session
2025 Regular Session
Committee
Economic Development, Small Business, and Trade
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill directs the Oregon Business Development Department to use federal funds from the State Small Business Credit Initiative to provide $2,550,000 to Lit Motors, Inc., a company that plans to manufacture electric vehicles in Oregon. The funds are intended to support job creation, economic growth, and the development of a skilled workforce within the state. An emergency declaration means the bill takes effect immediately upon passage.
Key provisions
- Directs the Oregon Business Development Department to distribute $2,550,000 in federal funds.
- The funds are designated for Lit Motors, Inc.
- Lit Motors, Inc. will manufacture electric vehicles in Oregon.
- The manufacturing process is intended to create high-paying jobs.
- The funding aims to increase manufacturing, wages, and tax revenues in Oregon.
- The initiative seeks to attract and train workers in the high-tech sector.
- The funding supports Oregon’s economic prosperity and culture.
Who is affected
- Lit Motors, Inc.
- Oregon Businesses
- Oregon Workers
- Oregon Residents
- The State of Oregon
Notable changes
- The bill specifically allocates federal funds to a private company (Lit Motors, Inc.) for a specific purpose (electric vehicle manufacturing).
- An emergency declaration allows the bill to take effect immediately.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Jeffrey Helfrich
Cosponsors
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