Bill > HB4061

This bill increases funding for the Oregon Business Development Department to implement a unified trade strategy for Oregon, including an additional $235,846 for operations and $950,000 for micro-enterprise tariff adjustment grants. These grants, capped at $10,000 per business, are designed to help small businesses in Oregon that have been operating for at least two years and have annual sales under $500,000 cover significant cost increases caused by federal tariffs; the program for these grants will be repealed on January 2, 2029. The bill also mandates the Oregon Business Development Department, in collaboration with entities like the Port of Portland and the Oregon Tourism Commission, to update the state's unified trade strategy by identifying opportunities to boost Oregon's presence in foreign markets, support trade missions, promote exports and attract investments, and provide technical assistance to exporters, especially those affected by tariffs. The bill declares an emergency, meaning it takes effect immediately upon passage.

Budget and Finance, Business and Industry, Transportation and Infrastructure

https://olis.oregonlegislature.gov/liz/2026R1/Measures/Overview/HB4061