Business Oregon Receives Federal Grant to Support an Economic Recovery Plan for Oregon
To accompany Oregon’s
10-Point Economic Recovery Plan released by Governor Kate Brown, Business Oregon is creating a statewide Economic Recovery Plan, which will emphasize assisting those most impacted by the COVID-19 pandemic, particularly Oregon’s underrepresented businesses, communities, and organizations. Business Oregon will analyze the areas of Oregon’s economy that have been most negatively impacted by the pandemic, while taking into consideration both region and industry. The effort will be supported by state funds paired with a $177,600 grant from the federal Economic Development Administration.
The plan will identify existing economic development programs that may best mitigate those impacts, and propose new programs to fill the gaps or better meet needs. The programs identified must promote growth and address unmet recovery needs in equitable ways, particularly within those communities most impacted by the pandemic and those under-resourced to begin with. The plan will help identify metrics to track needs and impact, and provide an overall roadmap for the state to build back better and recover from the economic impacts from the pandemic.
Business Oregon expects to have a final plan produced by February 2022.
