The purpose of the OGA was to earn returns for the Education Stability Fund by making investments in or providing seed capital for emerging growth businesses, in Oregon, through external general partners.
Effective with HB 4040 (2012), the Oregon Growth Account (OGA) was abolished and duties, powers and functions transfer to the Oregon Growth Board (OGB) on January 1, 2014. The overall purpose of the OGB is to maintain, invest, and reinvest monies for the purpose of earning returns for the Education Stability Fund. The OGB website is now at: http://www.oregon4biz.com/Contact-us/Oregon-Growth-Board/
Oregon is investing in Oregon
In Oregon, we love dreamers.
The Treasury helps to make public fund deposits available so that Oregon financial institutions have more capital to lend, through the Time Certificates of Deposit program
. The State Treasurer also is asking the Federal Deposit Insurance Corporation to raise the ceiling on insurance for public fund deposits, which will increase the dollars available to lend.
In addition, the Oregon Investment Council
- which oversees the investment of public trust funds in Oregon including the Oregon Public Employees Retirement Fund (OPERF) - has contracts with firms that operate venture and business opportunity investment funds. Those managers, who invest around the world, have been encouraged to seek profitable business opportunities in Oregon.
OGA Agenda History
OGA Minutes and Sound Recordings