Oregon Lottery® fuels economic development and creates jobs with $92.5 million in grants and loans in Oregon counties
FOR IMMEDIATE RELEASE
CONTACT: Chuck Baumann
November 20, 2013 - Salem, Oregon
Counties received an additional $36 million in Video Lottery proceeds for locally-driven economic programs
The Oregon Lottery has prepared a summary of more than $92 million in Lottery proceeds distributed through Business Oregon's business development and infrastructure programs in the 2011-2013 biennium.
This PDF provides a list by county of businesses and organizations that received the $92.5 million, the size of each grant or loan and descriptions of the projects. For example, in Curry County, Port Orford Sustainable Seafood received a $93,000 loan to expand operations with in-house fish processing. This Lottery-backed Business Oregon funding goes towards projects that drive business and job growth or make infrastructure and community improvements.
On top of the $92.5 million distributed through Business Oregon, an additional $36 million generated exclusively by Video Lottery games went directly to Oregon counties for locally-driven economic development programs, as directed by the Oregon Legislature. Ten percent of the $36 million is allocated equally among all 36 counties. The remaining 90 percent is allocated proportionally per share of net Video Lottery receipts. It is up to each county to decide how to use the money.
Business Oregon's programs help small businesses address needs such as access to capital, export assistance and workforce training. Community and infrastructure programs help communities expand infrastructure capacity, address public health concerns and set the stage for business expansion.
These programs support Business Oregon's mission to create, retain, expand and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding and support of economic opportunities for Oregon companies and entrepreneurs. Lottery funds help Business Oregon achieve this mission. For more information, go to www.oregon4biz.com.
The 2011-13 county funding information will be posted on the Lottery's website in late December. Complete Lottery-fund allocations for the 2009-11 biennium, for education, natural resources, ConnectOregon, as well as economic development projects for each of Oregon's 36 counties, can be found here.
Since the Oregon Lottery began selling tickets on April 25, 1985, it has earned over $8 billion for economic development, public education, state parks and watershed enhancements.
Oregon Lottery • 500 Airport Road SE, Salem, OR, 97301 • PO Box 12649 Salem, OR, 97309-0649 • www.oregonlottery.org
Phone: 503-540-1000 • Fax: 503-540-1001 • Email: firstname.lastname@example.org