S-12300-00016749
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The State Small Business Credit Initiative Business Oregon Venture Direct Program, managed by the Oregon Business Development Department, seeks to deploy capital through a direct venture capital program as authorized by the American Rescue Plan Act of 2021. The program aims to provide critical financial support to small businesses by partnering with qualified co-investment entities. This initiative features a five-year open period running through December 31, 2031, and requires partners to meet strict minimum qualifications, including certifications of financial capacity, legal responsibility, and compliance with Oregon state laws regarding pay equity and tax obligations. Under solicitation number S-12300-00016749, the procurement process involved a comprehensive evaluation of proposer qualifications, including reviews of past contract experience and financial stability. Following the evaluation period that concluded on July 15, 2026, the Oregon Business Development Department issued a notice of intent to award the contract to the Oregon Venture Fund. The selection process required detailed disclosures and certifications to ensure the chosen partner could effectively manage the deployment of SSBCI capital within the state of Oregon.
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Salem, OR, 97301, USASet-Aside
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