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“Oregon Chips Act”, moves to Ways and Means
Passing out of committee with a 12-2 vote Senate Bill 4, dubbed the “Oregon Chips Act”, moved out of the Joint Committee on Semiconductors last night. The bill calls for investments of $190 million for grant or loan incentives tied to state and local revenue for jobs development, plus $10 million for a local government industrial land development fund and $10 million to support universities seeking research grants. However, the heart of the bill is its’ effort to bypass Oregon’s land use system, allowing the Governor the authority to bring land into the urban growth boundary (UGB).