HB 5024
Appropriates moneys from the General Fund to the Oregon Business Development Department for certain biennial expenses.
Jurisdiction
Oregon
Session
2025 Regular Session
At the request of
(at the request of Oregon Department of Administrative Services)
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Sign in to take actionPublic sentiment
Support
99%
Oppose
1%
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill appropriates funds from the General Fund to the Oregon Business Development Department for various expenses over the 2025-2027 biennium. It allocates money to operations, infrastructure projects, arts programs, and debt service. The bill also establishes maximum spending limits from various revenue sources, including fees, lottery funds, and federal grants, and authorizes certain non-limited expenditures. An emergency declaration allows the bill to take effect on July 1, 2025.
Key provisions
- Allocates $398,401 to the Oregon Business Development Department for operations.
- Appropriates $802,351 for infrastructure projects.
- Provides $4,810,609 for arts programs.
- Dedicates $117,774,815 to debt service.
- Establishes maximum spending limits from fees, lottery funds, and federal funds.
- Authorizes non-limited expenditures for specific purposes.
- Allocates funds for grants approved in specific Oregon Laws chapters.
- Specifies allocations for city infrastructure projects (Toledo, Amity, McMinnville, Burns).
Who is affected
- Oregon Business Development Department
- Oregon Residents (through funding of various programs)
- Local Cities (Toledo, Amity, McMinnville, Burns)
- Arts Organizations (Southern Oregon Historical Society, Josephine Community Library Foundation, etc.)
- Businesses seeking grants
Notable changes
Sponsors
Official sponsors from legislative records.
Primary sponsor
Oregon Department of Administrative Services
Arguments in favor
Reasons to support this legislation.
Supporters of HB 5024 express strong backing for the bill, citing its critical funding for various programs that drive economic growth, innovation, and workforce development in Oregon. The Business Technical Assistance Program is highlighted for its importance in reaching historically underrepresented small businesses, promoting economic justice and equity. Funding for the Oregon UAS Accelerator, Oregon Film Office, and Small Business and Technical Assistance Program are also emphasized as crucial for driving innovation, creating jobs, and enhancing rural entrepreneurial ecosystems. Supporters praise programs such as the Oregon CHIPs program, which has successfully expanded child care slots, and the Oregon Rural Opportunity Initiative, which has enhanced rural economic vitality. Additionally, supporters highlight the importance of investing in Regional Innovation Hubs, SBIR Matching Grants, and Commercialization Gap Funds to strengthen Oregon's economic resilience and ensure equitable prosperity for all communities.
Source: Testimony Summaries
Arguments opposed
Reasons to oppose this legislation.
Opponents of HB 5024 express concerns that the bill's provisions will have a detrimental impact on small businesses and entrepreneurs in Oregon. One key concern is the potential loss of funding for the Oregon Business Development Department, which could lead to cancellations of critical infrastructure projects and operations, ultimately hindering economic growth and development in rural areas. Testifiers also argue that the bill's focus on corporate tax breaks and incentives may unfairly favor large corporations over small businesses and startups, exacerbating existing economic disparities. By prioritizing corporate interests over local economic development, opponents believe HB 5024 will have a regressive effect on Oregon's economy and communities.