Community Capital Event
May 4, 2015
Thanks for the chance to
learn about some of Oregon’s great small businesses and to share a few
I’d like to start by saying
thank-you to Amy Pearl and the team here at Hatch. In partnership with the
Department of Consumer and Business Services, Amy has been instrumental in
bringing a community-focused public offering system to Oregon. I had the great
pleasure of meeting Amy and supporting her efforts when I served as Secretary
of State. I am thrilled to be here as Governor to recognize and celebrate the
beginning of what I hope becomes a great success.
Tonight I heard for the
first time Red Wagon Creamery’s official slogan: “Give Us a Lick”.
Perfect, obviously, for a company that makes – you guessed it – ice cream.
Red Wagon Creamery started
with a simple mission: to make delicious ice cream from scratch and sell it
from a pushcart. Now, just five years later, they’ve grown – and I’ve confirmed
this is not a typo -- 11-hundred-percent. But they aren’t keeping that success
to themselves. They are offering Oregonians the chance to share in their
profits. By doing so, Oregonians are helping a business grow that may not
otherwise have access to traditional funding mechanisms.
This new pathway to success
is vitally important to the entire state. Oregon’s economy thrives on its
homegrown businesses, and Community Public Offerings (CPOs) create opportunity
for entrepreneurs who never had it before.
CPOs are a great new tool in
our state’s toolbox to improving access to capital for our homegrown small
businesses. These rules also help minority and women owned businesses to access
capital resources that were previously not available.
So, to our Small Businesses
– you are the backbone of Oregon’s economy. Keep up the good work.
To Potential Investors –
Look local! You now have another way to support small business in Oregon
in ways that could be mutually beneficial.