State Small Business Credit Initiative (SSBCI) Business Oregon Venture Direct Program

The State Small Business Credit Initiative (SSBCI) Business Oregon Venture Direct Program is a venture‑capital‑style investment initiative that seeks a qualified co‑investor to form and manage a new investment vehicle (LP or LLC) to deploy SSBCI capital into Oregon‑based small‑business start‑ups. Business Oregon will contribute $5‑10 million of federal SSBCI funds, requiring the selected partner to provide a minimum 1:1 private‑capital match and to meet Treasury‑mandated compliance, reporting, and conflict‑of‑interest standards. The solicitation was opened on April 24 2026 and remained open through December 31 2031, with an initial ten‑year contract term. An Intent‑to‑Award notice dated August 6 2026 identifies Oregon Venture Fund as the selected partner, although the contract has not yet been executed. • **Scope:** Form a legal investment vehicle, co‑invest $5‑10 M of SSBCI capital with a 1:1 private‑capital match, select and fund Oregon start‑ups, and provide Treasury‑compliant reporting. • **Funding:** $5‑10 million of state‑allocated SSBCI capital (private‑capital match required). • **Award Status:** Intent‑to‑Award issued to Oregon Venture Fund (award not yet finalized). • **Term:** Initial ten‑year period, with possible extensions at the agency’s discretion. • **Eligibility:** Venture‑capital fund managers with Oregon presence, ability to meet matching‑fund and compliance requirements.