Oregon Technology Business Center, supported by the city of Beaverton, received a $60,000 grant from the Oregon Community Foundation Fund to expand its Virtual Incubation Program to entrepreneurs in rural Oregon over the next three years.

Oregon lawmakers may kill a tax break just two years after they voted unanimously to create it. That's because the intended beneficiary, Google Fiber, has backed out of plans to serve the Portland area.

A bill before the Oregon Legislature would allow a fund currently dedicated to ensuring access to landline phone service in underserved areas to be used to provide access to high-speed internet.

This board would work to find ways to promote workforce and economic growth in the area and would have the ability to award economy-boosting grants and loans. The current bill requests $10 million for the program.

The short line railroad track maintenance credit provides short line and regional railroads a 50 percent tax credit for railroad track maintenance expenses up to $3,500 per mile of track owned or leased.

Opal has now raised more than $25 million altogether, including an $8 million round in 2014. Chief executive Steve Giannini said this investment will fund a rapid expansion - with the company's workforce doubling this year to about 130.

The Oregon Community Foundation Board of Directors approved two grants and two investments aimed at bolstering resources for the state's entrepreneurs. Mainly known for philanthropy, the group has also embraced "mission related investments" that put capital into economic development programs.

CDFA is excited to show off a new and improved website layout!

This course will consider how incentives are being used in today's economic environment and outline steps that are being taken to reduce risk and achieve better outcomes. In particular, this course will address the characteristics of well-designed incentive programs and processes to ensure meaningful impact, value, and accountability.

After the latest round of allocations from the CDFI Fund, there are now more New Markets Tax Credits available than there are qualifying projects. This webcast will explain the double allocation of tax credits that occurred during the last round and explore how this is affecting the tax credit markets. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will provide an inside look into how these tax credits can be leveraged and consider opportunities that a surplus creates for qualifying projects.

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