Help Start Businesses!!
Having been an entrepreneur and businessman for most of my adult working life, I believe in the hard working private sector. Perhaps a string of grants in the amount of $50,000 or more for well researched, creative entrepreneurs looking to start new businesses or expand their current business could help stimulate our economy in Oregon!
Steve Buckstein commented
While helping to start businesses is a good idea, it may not be the best use of this $1 million. Perhaps better to leverage the funds by using them to help remove government-imposed impediments to starting and nurturing businesses. Start a few businesses, or remove impediments thus allowing dozens, hundreds or thousands of businesses to get an easier start. Think leverage.
Astrid Scholz commented
I like the gist of this idea, but would start earlier in the enterprise chain: there are lots of farmers, ranchers, fishermen and others working (or now unemployed) in Oregon's primary/resource industries that could be the leading innovators of the future. Many of these folks could benefit from capacity grants for noodling through their idea, writing business plans, and networking in the investment and policy communities to get their ideas off the ground. That "starter dough" is the hardest money to find!
Jean Spraker commented
If jobs are the #1 need in Oregon, the how about funding jobs that give twice, such as positions in nonprofits. I can think of at least 10 fulltime jobs needing to be done at the little nonprofit in urban Portland where I serve on the board.
Allanya Guenther commented
Jobs are the #1 need in Oregon, impacting tax and nonprofit revenues, as well as housing stability and economic self-sufficiency.
I think this is a good idea, but I would raise the threshold to $100,000 or more and base it on a minimum hire of at least 5 people, and projected self-sufficiency and employee sustainability within 2 years.