This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

The recent meeting of the Joint Committee on Ways and Means Subcommittee on Transportation and Economic Development highlighted the vital role of small businesses and manufacturing in Oregon's economy. Key speakers, including representatives from the Small Business Development Center (SBDC) Network and the Oregon Manufacturing Extension Partnership (OMEP), emphasized the importance of state investments in these sectors.

Mark, a state director with the SBDC Network, underscored the critical support provided to small businesses across Oregon. He noted that the SBDC is the most comprehensive provider of technical assistance and training for entrepreneurs, which is essential for job creation and economic resilience. The network operates through 17 community colleges and other institutions, offering services in areas such as market research, capital access, strategic planning, and cybersecurity.
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Mike Vanier, president of OMEP, echoed these sentiments, detailing how his organization supports small and medium-sized manufacturers throughout the state. He pointed out that manufacturing is a significant contributor to Oregon's economy, generating $37 billion and accounting for over 13% of the state's GDP. OMEP collaborates with the SBDC to provide targeted assistance to manufacturers at various stages of development, ensuring they thrive in a competitive market.

The discussions at the meeting reflect a strong commitment to fostering economic growth through support for small businesses and the manufacturing sector. As these organizations continue to collaborate, they aim to enhance the overall economic landscape of Oregon, benefiting communities statewide. The focus on strategic investments and partnerships is expected to drive innovation and job creation, ultimately contributing to the well-being of residents across the state.

Converted from Joint Committee On Ways and Means Subcommittee On Transportation and Economic Development 03/18/2025 3:00 PM meeting on March 18, 2025
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