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OR HB3210
Bill
Status
6/27/2025
Primary Sponsor
Robert Nosse
Click for details
AI Summary
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Oregon Business Development Department must distribute $2,550,000 from federal State Small Business Credit Initiative (SSBCI) funds to Lit Motors, Inc. for the 2025-2027 biennium
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Lit Motors, Inc. must use funds to manufacture hyperefficient, safe, practical electric vehicles in Oregon
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Funding goals include creating high-paying manufacturing jobs, increasing tax revenues, and training high-tech workers in Oregon
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Distribution bypasses standard Business Oregon Venture Fund Program requirements while still complying with federal SSBCI requirements
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Declared an emergency measure, taking effect immediately upon passage
Legislative Description
Relating to funding the manufacture of electric vehicles in Oregon; declaring an emergency.
Last Action
In committee upon adjournment.
6/27/2025