At a time when other states are aggressively competing for advanced manufacturing and technology projects, Senate Bill 1586, known as the Oregon JOBS Act, would take practical steps to enhance Oregon’s economic competitiveness and long-term growth. The bill would strengthen Oregon’s ability to compete for capital-intensive investment by modernizing research and development incentives, supporting industrial reinvestment in machinery and equipment, and improving permitting transparency and timelines.
The Springfield Area Chamber of Commerce has submitted testimony in support of SB 1586, citing the importance of policies that influence where companies choose to build, expand, and invest. Targeted, performance-oriented tools that support industrial growth are directly tied to job creation, supply chain activity, and expanded local tax bases, particularly in regions like Eugene and Springfield.
“Lane County is home to world-class traded-sector industries actively investing in advanced technologies. Policies that strengthen Oregon’s competitiveness for research, manufacturing, and large-scale industrial investment directly impact real expansion decisions happening in our region today.”…