Eligibility and Criteria for Funding
(1) To be eligible for funding, projects must involve a traded-sector industry. Traded sector is defined in Oregon statute as industries in which member firms sell their goods or services into markets for which national or international competition exists.(2) To be eligible for funding, organizations must be Oregon-based, which is defined as having more than 50% of the organization’s employees located in Oregon.(3) Other, program-specific eligibility requirements will be developed by the Department and Oregon InC that will be included in each program’s guidelines and requests for applications or proposals.(4) Oregon InC and review committees will establish criteria for each funding program and opportunity. Examples of the criteria that could be used to evaluate projects include, but are not limited to:(a) Leverage – This includes funding and other resources from the industry sector, project collaborators or other sources. It also includes the use of non-financial leverage, such as supporting university research, other economic development activities and/or legislative initiatives. Financial and in-kind leverage will be specified.(b) Uniquely attributable links to Oregon – This includes geographic advantages or other attributes unique to Oregon, as well as any link to one of Oregon’s existing key industry sectors.(c) Level of impact derived from Oregon InC’s investment – The potential for the use of a relatively small amount of Oregon InC funding to have significant returns for the project and the State.(d) Ability to scale into significant jobs and/or revenue – The potential for a project to have job impacts in the medium- to long-term. (e) Broad impacts – This includes the project’s geographic scope, impacts on multiple income levels, and diversity/equity/inclusion impacts.