summary
Introduced
01/13/2025
01/13/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
Passed
Dead
06/27/2025
06/27/2025
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act would require a study of the Commercialization Gap Fund grant program. The Act would require a report of the study to be submitted next year. (Flesch Readability Score: 67.7). Requires the Oregon Business Development Department to study the Commercialization Gap Fund program administered by the Oregon Innovation Council. Directs the department to submit a report of the study to the interim committees of the Legislative Assembly related to economic de- velopment no later than September 15, 2026. Sunsets January 2, 2027.
AI Summary
This bill requires the Oregon Business Development Department to conduct a comprehensive study of the Commercialization Gap Fund program, which is administered by the Oregon Innovation Council. The department must prepare and submit a detailed report of its findings to the legislative committees focused on economic development by September 15, 2026. The bill includes a sunset provision that automatically repeals the study requirement on January 2, 2027, meaning the legislation and its associated study mandate will expire on that date. The bill aims to provide insight into the Commercialization Gap Fund program, which likely supports innovation and business development in Oregon by providing grants or financial assistance to promising ventures, though the specific details of the program are not elaborated upon in the bill text. By mandating this study, the legislature seeks to gain a better understanding of the program's effectiveness, impact, and potential areas for improvement.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2289 |
| Open Government Impact Statement for HB2289 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83278 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2289/Introduced |
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