Directs Oregon Business Development Department to develop grant and loan program to support businesses applying for financial assistance under Creating Helpful Incentives to Produce Semiconductors for America Act of 2022 (P.L. 117-167). Provides that program be administered jointly by department and Governor.
Allows Governor to designate certain lands to be brought within urban growth boundaries for federal CHIPS Act uses. Allows local governments to rezone lands for such uses by ordinance. Allows Governor to remove designated lands from urban growth boundaries if lands are not used for purposes of CHIPS Act.
Directs Oregon Business Development Department to provide financial assistance to projects related to industrial land suitable for new and expanded semiconductor industry uses.
Declares emergency, effective on passage.

Statutes affected:
Enrolled: 197.286