On September 23, a broad coalition dedicated to improving Oregon’s capital ecosystem released the 2014 Oregon Capital Scan: A Line is Drawn. This report compiles information about capital providers in Oregon to promote understanding of the availability of investment capital and identify where gaps exist.
“Capital is an essential ingredient required to create jobs and grow our economy,” said Oregon State Treasurer Ted Wheeler. “This report provides a clear picture of the capital landscape in Oregon and will help business, government and philanthropic leaders build economic development strategies that work.”
The Oregon Capital Scan will educate entrepreneurs and growth company leaders about the variety and scale of capital sources currently available in the state. It is also a vital resource for policymakers and investors working to support the development of a thriving economy in Oregon.
"Oregon's economic future depends on growing our own — our own companies, workforce, entrepreneurs and especially our own capital ecosystem. This report is critical to making sure the collective investment energies of public and private partners are focused in the right direction," said Sean Robbins, Director, Business Oregon.
The report was made possible by a collaboration between OCF, Business Oregon, CTC|My CFO, Foundations for a Better Oregon, Meyer Memorial Trust, the Oregon Growth Board, and the Oregon State Treasurer's Office. John Hull – the Executive Director of the Business Innovation Institute and Assistant Dean of the Lundquist College of Business at the University of Oregon – was the report’s lead author.
This is the second Oregon Capital Scan. The first report — Oregon Capital Scan: A Developing Ecosystem — was published in 2012.
For more information, please contact:
The Oregon Entrepreneurs Network (OEN) has announced its third round of statewide boot camps, which are funded by a grant from OCF. These intensive eight- to 12-week programs provide eligible companies with mentorship and education that helps them prepare for funding and growth, connect to capital and expertise, and add jobs to Oregon's economy.
“The Oregon Community Foundation’s grant is vital to creating a pipeline of fundable companies in the Oregon startup community—particularly in non-metropolitan areas," says Linda Weston, Executive Director of OEN. Forty companies have graduated from OEN's previous boot camps, and eight of these graduates have received more than $765,000 in investment.
OCF is partnering with Meyer Memorial Trust to provide low-interest loans to Oregon nonprofits. OCF has committed $2 million for these loans. The board approved the first three loans this month, which totaled $425,000.
OCF committed $250,000 to Portland Seed Fund for their second fund. PSF is a privately managed fund and non-resident accelerator that provides emerging companies with capital, mentoring and connections to propel them to the next level.
OCF invested $1 million in Craft3, a regional nonprofit that provides loans to Oregon entrepreneurs and small-business owners who lack access to traditional financing. In addition to offering financial resources, Craft3 provides underserved clients with business expertise, networks and advocacy.