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Ÿ Oregon
Council for Knowledge and Economic Development (OCKED)
will inventory the angel and venture investment and capital
formation tools and policies in Oregon including programs like
the HETT Fund, Oregon Growth Account, OHSU Opportunity Fund,
HB 3613 and others to access strengths, weaknesses and gaps of
these resources. Identify
ways to improve the effectiveness of and coordination between
these programs.
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OCKED will work to identify
tax policies and incentives that fill critical gaps and are
beneficial to promoting capital formation in Oregon.
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HB
3613, signed by Governor Kulongoski on July 23, 2003, requires
the State Treasurer and Oregon Investment Council to invest at
least $100 million of state trust funds in emerging Oregon
businesses by January 1, 2008.
The bill contains a clause that requires the
investments "unless, under the circumstances, it is not
prudent to do so."
SB 361, introduced during the 2003 State legislative
session, would have reduced the capital gains rate from 9
percent to 4 percent, but it did not pass.
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