Immediate Opportunity Fund


Description: This fund provides needed street and road improvements to (A) influence location or retention of firms providing primary employment or (B) revitalize business or industrial centers where the investment is not speculative. State funding up to $500,000 for type A or $250,000 for type B is available and requires a 50 percent match from public or private sources. (Annual funding is set at $3 million for FY 2001 and $1 million thereafter.)

Source: State of Oregon (via Oregon Dept. of Transportation (ODOT) )

Who can apply: Cities and Counties apply through the Oregon Economic Development Department

Application cycle: As needed. Can apply as often as the need warrants. Limited to yearly funding.

On the web: See page 6 in ODOT’s transportation funding programs document.