Oregon Investment Board

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Oregon Investment Board
Program Overview
September 9, 2004
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Columbia River Gorge National Scenic Area

• Created November 17, 1986
• Six counties
• Multnomah, Hood River, Wasco
• Clark, Skamania, Klickitat

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Columbia River Gorge National Scenic Area

• Two purposes of the Act
• To establish a national scenic area to protect
  and provide for the enhancement of the scenic,
  cultural, recreational, and natural resources of
  the Columbia River Gorge and
• To protect and support the economy of the
  Columbia Gorge area by encouraging growth to
  occur in existing urban areas and by allowing
  future economic development in a manner that is
  consistent with paragraph (1)

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Columbia River Gorge National Scenic Area

• Roles
• US Forest Service Mike Ferris
• Gorge Commission Martha Bennett
• Management Plan
• Oregon and Washington
• Investment Boards
• 5M for economic development

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NSA - Economic Development - Oregon

• Congressional Funding
• Management Plan adopted 1991, concurred 1992
• FY 94 appropriation 365,000
• FY 96 appropriation 1,225,000
• FY 97 appropriation 1,475,000
• 1999 Update-Economic Development Plans
• FY 2001 appropriation 936,750
• Remaining as of 8/04 998,250

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NSA - Economic Development - Oregon
Congress
Funding
USFS
OECDD
CTED
OIB
MCEDD
WIB
SCEDC
Bi-State
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NSA - Economic Development - Oregon
Project Assistance
USFS
OECDD
CTED
CRGC
OIB
MCEDD
WIB
SCEDC
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NSA - Economic Development - Oregon

• Program Goals
• Mandatory Goals
• Expand and diversify the economy
• Create and retain jobs
• Increase the regions tax base
• Provide support for adequate public
  infrastructure
• Auxiliary Goals
• Sell areas products outside the region
• Add value to regions products
• Leverage use of available funds
• Maintain and enhance regions quality of life

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NSA - Economic Development - Oregon

• Key Investment Principles
• Infrastructure Improvements and Expansions
• Business Development/Recruitment and Assistance
• Workforce Training/Development

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NSA - Economic Development

• Gorge Commission Certification
• Purpose to certify the project is consistent
• with the two purposes of the Act.
• Two certification processes
• Full Commission Review
• Expedited Certification

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NSA - Economic Development - Oregon
Grant/Loan Application Process

• Marketing
• Pre-Application Discussions
• Application Deadline
• Staff Report
• Gorge Commission Certification
• Loan Committee (?)
• Certification Pre-approval
• OIB Consideration
• Final Certification
• Contract with Applicant
• Progress Reports
• Final Report

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Staff Responsibilities

• Market the OIB program
• Work with applicants meet program goals
• Prepare staff reports (grants loans)
• Submit projects for certification
• Provide staff support for OIB meetings
• Quorum
• Minutes
• Finance reports
• Assigned tasks

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Staff Responsibilities

• Create and sign contracts for approved projects
• Maintain records and files for projects
• Monitor project progress
• Create press releases for approved projects
• Prepare reports for OECDD
• Manage funds
• Banking
• Investments
• Contract reimbursements

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Staff Responsibilities

• Cooperatively staff Bi-State
• Update forms as required
• Provide training for Board
• Work to obtain additional funding from Congress
• Work with State on Board member appointments/
• reappointments.

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Board Responsibilities

• Market the OIB program
• Set policy for grant/loan funding
• Consider applications forwarded by staff
• Set grant/loan performance measures
• Work to obtain additional funding from Congress
• Make attendance at OIB meetings a priority
• Prepare adequately for upcoming meetings

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