(1) The Legislative Assembly finds that local economic development activities and initiatives are essential to the state’s long-term prosperity and that to be effective, local economic development strategies must have the coordinated support of available resources.

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(2) The Legislative Assembly declares that the purpose of ORS § 285B.230 to 285B.266 is:

(a) To encourage the development of local economic development strategies that address the economic development priorities of communities in or geographic regions of the state;

(b) To identify and coordinate economic development priorities;

(c) To ensure that economic development plans reinforce the long-term prosperity and livability of Oregon;

(d) To effectively utilize available resources through a strategic program tied to the state’s economic development strategy;

(e) To leverage and attract capital investment in Oregon communities; and

(f) To coordinate private and public resources to support economic development. [Formerly 285.633; 1999 c.509 § 48; 2003 c.773 § 17; 2009 c.830 § 77]