Oregon Statutes 284.701 – Definitions for ORS 284.701 to 284.749
As used in ORS § 284.701 to 284.749:
Terms Used In Oregon Statutes 284.701
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state government: means the executive department, the judicial department and the legislative department. See Oregon Statutes 174.111
(1) ‘Equity investment’ means any investment not prohibited under Article XI, section 6, of the Oregon Constitution.
(2) ‘Innovation-based economic development’ includes, but is not limited to, a technology, product, process or innovation that:
(a) Derives from and supports innovation and research;
(b) Promotes Oregon’s market capacities and competitive advantages;
(c) Involves technology-based innovation;
(d) Facilitates the creation of new products, processes and services that retain and create high-wage jobs;
(e) Involves the establishment of partnerships between and collaboration with research institutions, the private sector and public entities; and
(f) Endeavors to transfer innovative technologies to the private sector or to commercialize innovative research and development.
(3) ‘Oregon growth business’ means:
(a) An individual, group of individuals or private sector business entity, including but not limited to a partnership, limited liability company, corporation, firm, association or other business entity, that engages in business that furthers innovation-based economic development, that has the capacity, upon obtaining appropriate capital, to generate significant high-skill, high-wage employment in Oregon and that conducts business in Oregon; or
(b) An emerging growth business consisting of an individual or group of individuals or a new or small company, including but not limited to any new or small partnership, limited liability company, corporation, firm, association or other business entity, that has the capacity, upon obtaining appropriate capital, to generate significant high-skill, high-wage employment.
(4) ‘Public entity’ means any agency of the federal or state government, county, city, town, public corporation or political subdivision in this state.
(5) ‘Research institution’ means:
(a) A community college as defined in ORS § 341.005;
(b) A public university listed in ORS § 352.002;
(c) The Oregon Health and Science University public corporation established under ORS § 353.020;
(d) An Oregon-based, generally accredited, not-for-profit private institution of higher education;
(e) A federal research laboratory conducting research in Oregon;
(f) A private not-for-profit research institution located in Oregon;
(g) An institution for higher education as defined in ORS § 289.005; or
(h) A private institution of higher education located in Oregon.
(6) ‘Traded sector’ has the meaning given that term in ORS § 285A.010. [2005 c.748 § 1; 2011 c.610 § 1; 2011 c.637 § 92; 2012 c.90 § 20; 2019 c.131 § 1]
[1987 c.837 2,12; 1991 c.488 § 7; 1993 c.210 § 16; 1999 c.274 § 7; repealed by 2001 c.922 § 35]