Portland developer Homer Williams disclosed he has raised $2M through an immigrant investor program to fund construction of a new hotel at Portland's RiverPlace district. At RiverPlace, the Williams team plans to construct a six-story, 203-room Hyatt extended stay hotel at Southwest River Drive and Southwest River Parkway.

USDA Rural Development State Director Vicki Walker announced just over $450,000 in federal funding to support public facility upgrades with both the City of Monument and Grant School District. USDA stressed their commitment to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.

Since 1985, Oregon Lottery dollars have been doing good things for Oregon. From helping create jobs and attract businesses to the state to providing funds for Oregon's public schools. As the state has grown, lottery dollars have been directed towards sectors that make Oregon a great place to live. This report outlines programs and projects that will receive lottery funds.

Oregon's senior senator is pushing a new proposed set of federal rules that would encourage more wave energy technology investments. The Marine and Hydrokinetic Renewable Energy Act of 2013. S.1419 would encourage private investment in marine hydrokinetic power technologies by streamlining regulatory processes for pilot projects that generate energy from oceans, lakes and rivers.

Parts of the $198 million Hyatt hotel's finance package must still be approved by various Councils. The agreement with Portland and Multnomah County changes the three governments' room tax system to allow for Metro to issue as much as $60 million in bonds to help pay for construction of the Hyatt.

Tuesday, November 12, 2013 - Portland, Oregon
Join CDFA and Business Oregon for the first-ever Oregon Financing Roundtable Conference on November 12, 2013 as we focus on "Exploring Development Finance in the Beaver State". This one-day conference will feature a number of economic development finance experts and leaders from around the state discussing new development finance tools, resources, authorities, and approaches and how these methods can move Oregon's economy forward. Topics to be discussed include bonds, redevelopment, loan funds, innovation capital, tax credits, federal funding and much more.

In addition, attendees can choose to stay for a targeted half-day workshop on November 13 focused on Clean Energy & Bond Financing. This special half-day program will focus on using bond financing to support clean energy development in Oregon. The workshop is included in the full CDFA Oregon Financing Roundtable Conference registration.

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Oregon is a national leader in wind power installations and wind power generation. Developing Oregon's wind resource has provided numerous economic and environmental benefits to the state. This fact sheet details the economic and environmental impact of the wind energy industry in Oregon.

The Business Oregon Infrastructure Finance Authority contracted with ECONorthwest and BergerABAM to conduct an evaluation of the capacity of small and rural jurisdictions to meet the administrative requirements of state- and federally-funded capital construction projects. This report presents the evaluation and recommends actions for improvement.

The Oregon Business Development Fund (OBDF) is a revolving loan fund administered by Business Oregon. The fund has received capitalization from the federal Economic Development Administration, the state General Fund, and the Oregon State Lottery. Projects that assist manufacturing, processing, distribution and other projects are eligible. The fund provides long–term, fixed–rate financing for land, buildings, equipment and machinery, and permanent working capital. Eligible borrowers are those whose products are sold in markets for which national or international competition exists.

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Interested in putting your organization in front of hundreds of economic development finance professionals in the state? Sponsor the 2013 CDFA Oregon Financing Roundtable in Partnership with Business Oregon.