Oregon Statutes 284.881 – Definitions for ORS 284.881 to 284.890
As used in ORS § 284.881 to 284.890, unless the context requires otherwise:
Terms Used In Oregon Statutes 284.881
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state government: means the executive department, the judicial department and the legislative department. See Oregon Statutes 174.111
(1) ‘Business’ means a corporation, partnership, proprietorship, firm, enterprise, joint venture, cooperative, franchise, association, organization, self-employed individual, group of individuals, nonprofit entity or other entity that is or will be operating or doing business in Oregon.
(2) ‘Economic development’ means development that:
(a) Relates to and supports the economic development policies for this state set forth in, or adopted in furtherance of, ORS § 285A.020;
(b) Promotes, expands or prevents the decline of businesses located or to be located in Oregon;
(c) Creates jobs or prevents the loss of jobs; or
(d) Promotes the policies of the Oregon Growth Board.
(3) ‘Financial services and support’ includes but is not limited to funding, access to capital, asset building, business planning, market development, improving management skills or any other type of service or support that enhances business development and furthers economic development.
(4) ‘Local government’ has the meaning given that term in ORS § 174.116.
(5) ‘State agency’ means an officer, board, commission, department, division, institution, branch or agency in the executive or administrative branch of state government. [2012 c.90 § 1]