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Oregon Investment Board

Protecting and supporting the economy of the
Columbia River Gorge.

515 East 2nd Street The Dalles, Oregon 97058
phone:
(541) 296-2266
fax: (541) 296-3283

 

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Oregon Investment Board Home

In 1986, the Columbia River Gorge National Scenic Area Act established a bi-state, six-county region shared by the states of Oregon and Washington. In conjunction with this Act, Congress earmarked Oregon and Washington $5 million each for the purpose of making economic development loans and grants. With funding appropriated under the Act, the OIB provides grants and loans to projects benefiting Multnomah, Hood River, and Wasco, the Oregon counties lying in the Columbia River Gorge National Scenic Area.

The Oregon Investment Board has a proven track record for job creation and investments that result in long-term economic impact. Project funding helps to strengthen and diversify the economy of the region.

  • Sustained Impact: To date, the Oregon Investment Board has received four appropriations totaling $4,001,750. The OIB has approved grants and loans (by utilizing revolved funds) totaling more than $6.7 million.
  • Public and Private Leveraging: The Oregon Investment Board has leveraged over $13 million private and more than $12 million in public funds.
  • Job Creation/Retention: Funds are provided through grants and loans to support infrastructure, business assistance, and workforce development to support job creation and retention. The OIB has provided funding to projects to directly create or retain over 500 jobs. The number of jobs created will continue to increase as the funds are revolved into new grants and loans.

 

 

 

 

 

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All contents of this site are copyright © 2010 MCEDD, unless otherwise noted. Contact MCEDD for more information:
515 East Second Street • The Dalles, OR 97058
 phone: (541) 296-2266 • fax: (541) 296-3283