OAR 123-091-0015
Criteria for OBEP Fund Loan
(1)
That, at the time a loan from the OBEP Fund is considered for approval, the Business:(a)
Has at least 150 employees as demonstrated by documentation determined to be acceptable by the Department;(b)
Is a traded sector business, as defined in ORS 285A.010 (Definitions for ORS 284.101 to 284.148 and ORS chapters 285A, 285B and 285C);(c)
Is not a retailer, as defined in ORS 72.8010 (Definitions for ORS 72.8010 to 72.8200);(d)
Plans to hire at least 50 full-time Eligible Employees before the end of the two calendar years following the year in which the OBEP loan is approved;(e)
Has stated to the Department that a loan from the OBEP was an integral factor in the Business’s decision to hire at least 50 full-time Eligible Employees; and(f)
Has provided all information to the Department as requested and as required by the Oregon Business Retention and Expansion Program;(2)
That the Business’s proposed expansion will result in significant, long-term economic benefit in the region and will serve as a catalyst for additional economic development benefits in the state.
Source:
Rule 123-091-0015 — Criteria for OBEP Fund Loan, https://secure.sos.state.or.us/oard/view.action?ruleNumber=123-091-0015.