Oregon Revised Statutes Title 26A. Economic Development § 285B.236

(1) The Oregon Business Development Department by rule shall adopt guidelines for submission of local economic development strategies and distribution of funds.

(2) The guidelines shall provide that the local economic development strategies are approved in accordance with criteria reflecting the economic benefits to the state. Each local economic development strategy must at a minimum set forth in measurable terms the extent to which the strategy will accomplish the economic development priorities of the community or geographic region, and the department's performance standards.