BUSINESS OREGON Infrastructure Programs Senate Committee on Business and Transportation November 14, 2017
Vision: Prosperity for all Oregonians Mission: We invest in Oregon businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy 2
Boards and Commissions Oregon Business Development Commission Infrastructure Finance Authority Oregon Broadband Advisory Council Economic Recovery Review Council 3
2017-19 Legislatively Adopted Budget / By Function Total budget: $828.1 million Infrastructure Programs $597.3m / 72% Business Programs $83.32m / 10.4% Debt Service $88.9m / 11% Arts & Culture $20.32m / 2% Operations $37.05m / 4.5% Film & Video $1.21m / 0.1% 4
INFRASTRUCTURE PROGRAMS 5
Infrastructure Programs Investment in infrastructure supports the growth of local economies. Key work areas Community health, safety, infrastructure Economic and community development projects Industrial land availability and preparedness 6
Infrastructure: The Need League of Oregon Cities 2016 Infrastructure Survey Report (Water/Transportation): $7.6 billion over the next 20 years primarily for water, wastewater treatment and aboveground storage $3.7 billion over next 20 years for local surface transportation projects Does not include needs of counties and special districts 7
Special Public Works Fund Water/Waste Water Program Safe Drinking Water Brownfields Industrial Lands Infrastructure Programs Community Development Block Grants (CDBG) Ports Seismic Rehabilitation Broadband Regional Infrastructure Fund 8
Business Oregon Infrastructure Program Benefits Immediate Access to Cash (15/16 turnaround) Favorable Interest Rates (Currently SPWF 3.55%) Term Length (Up to 30 Years) Staff Expertise 9
Special Public Works Fund Loans (primarily) and grants for public infrastructure Industrial site development, emergency projects, water, wastewater, storm water, roads, airports, etc. Forgivable loans for job creation, planning grants Primarily Lottery Bonds and Loan Repayment funds 10
Special Public Works Fund
2015-2017 SPWF Projects $15,110,512 11 Projects $62,134,226 49 Projects Urban Rural 12
New water treatment plant and raw water intake (South Santiam River) City of Lebanon $28 million total cost - $11 million Special Public Works - $13 million Safe Drinking Water - $4 million City 13
Deschutes Valley Water District Fish Passage/Electric Generation $14.6 million Project $6 million SPWF financing
Water/Wastewater Fund Loans (primarily) and grants to public agencies to comply with the Safe Drinking Water Act and the Clean Water Act Technical assistance, design, and construction Below market rates and grants up to $750,000 15
$14,000,000 2015-2017 WATER/WASTEWATER $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 Rural, $12,865,405 44 Projects Urban, $20,000 1 Project $0 Rural Urban 16
City of Seneca Compliance issue due to leakage $3.5 million - $1 million W/WW - $2.5 million CDBG 17
Safe Drinking Water Build or improve drinking water systems to meet regulations Planning, design, engineering, construction Interest rate as low as 1% and grants up to $1 million Reservoir Tank Recoating Federal and State Funded/Joint OHA 18
2015-2017 Safe Drinking Water Rural $73,244,844 99 Projects Ubran $4,352,400 12 Projects $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 19
Baker City Water Treatment Baker City, Oregon 20
City of Banks $1.8 million City of Merrill $3 million 21
State Brownfields Redevelopment Fund: Assessments, Studies, Integrated Planning, Cleanup Demolition if cleanup requires removal of a structure Brownfields Purchase of property if cleanup is essential component of acquisition Oregon Brownfields Cleanup Fund (Federal): Cleanup only Demolition if cleanup requires removal of a structure
Brownfields in Oregon Petroleum Hazardous Substance
Projects in the Works: - Willamette Falls former Blue Heron Paper Mill Site - Klamath County Medo Bell Dairy Building - Baker County former Lime Cement Plant - City of Albany former Richards Dry Cleaners 24
Hillsboro: 4 th Main Project
Industrial Lands Development Industrial Development Projects of State Significance Regionally Significant Industrial Areas Regionally Significant Industrial Sites Shovel ready Certification 26
Certified Industrial Sites -93 Certified Sites -36 Pre-Certified Sites -7 Intakes -1 In-process 27
Regionally Significant Industrial Sites (RSIS) Reimbursement of development costs via income tax created $10 million available annually Troutdale TRIP2 site first designated Regionally Significant Industrial Site Leveraging $100 M private investment and 1,000+ jobs 28
Additional Infrastructure Programs Seismic Program: provides grants to schools and emergency service facilities for seismic retrofits Ports Program: provides grants and construction loans for facilities and infrastructure Broadband Planning: resources for broadband development Community Development Block Grants: assistance for low/mod income communities Regional Infrastructure Fund: Regional Solutions projects 29
PROGRAM/PROJECT DELIVERY Robert Ault, Community and Economic Development Manager 30
Regional Project Delivery
Program Delivery Relationship manager for businesses and community leaders Identify opportunities and act as a lead project manager Develop deals through negotiation and structured agreements
One Stop Services Provide One-Stop Services Access to infrastructure & business financial programs (pipeline) Project technical assistance Coordinate with federal & local partners Clarify and facilitate regulatory solutions Align workforce development resources Connect to partner services and programs 33
Program Delivery Global Trade Specialists Provide export assistance to small- and medium-sized businesses Recruitment Officers Attract new national and international firms looking to site in Oregon