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Committee adopts amendment and advances HB 4104, a 'Fish and Chips' fund for small manufacturers
Summary
Committee adopted a dash-1 amendment to HB 4104, which creates the 'Fish and Chips' fund to provide grants and loans to qualifying businesses (including a reduced eligibility threshold) and appropriates $10 million across two funds; the bill was referred to Ways and Means with a due-pass recommendation.
Committee staff summarized HB 4104, which the summary termed the "Fish and Chips" fund. The measure authorizes Business Oregon to award grants and loans from the Oregon Fish and Chips Fund to qualifying businesses (defined as covered entities engaged in manufacturing, research or development for targeted industries), lowers the eligibility threshold to businesses with at least five Oregon employees, and declares an emergency effective on passage.
Staff explained a dash-1 amendment that removes examples of targeted industries from the statutory text and appropriates $4,000,000 from the general fund and $6,000,000 from the Administrative Services economic development fund to the Fish and Chips Fund. The fiscal impact statement is posted on OLIS.
Representative Bunch asked whether firms that had not applied for federal semiconductor assistance could later pursue federal funding; staff and the chair explained prior CHIPS rules required concurrent federal applications and that the state program aims to reach firms that were ineligible for federal awards. The committee adopted the dash-1 amendment without objection and voted to move HB 4104, as amended, to the floor with a due-pass recommendation and referral to Joint Ways and Means.
