HB4061

Oregon HB4061 updates the state's trade strategy and establishes a grant program for small businesses affected by federal tariffs.

Oregon HB4061 mandates the Oregon Business Development Department to update the state's trade strategy, focusing on increasing Oregon's presence in foreign markets and supporting trade missions. It also establishes a micro-enterprise tariff adjustment grant program for small businesses impacted by recent federal tariffs. Eligible businesses must be headquartered in Oregon, have been operating for at least two years, have annual sales of up to $500,000, and demonstrate significant cost increases due to tariffs. Grants can reach up to $10,000 per business.