Oregon HB2411: Relating to industrial development.

What the bill says

From the enrolled text, June 28, 2025:

83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session House Bill 2411 Introduced and printed pursuant to House Rule 12.00. Presession filed (at the request of House Interim Committee on Economic Development, Small Business, and Trade for Representative Daniel Nguyen) CHAPTER ................................................. Relating to industrial development; creating new provisions; and amending ORS 285B.012. SECTION 1. Sections 2 to 12 of this 2025 Act are added to and made a part of ORS chapter 285B. SECTION 2. Findings. The Legislative Assembly finds that: (1) Traded sector industries are the foundation of state and regional economic development strategies for long-term job creation and prosperity. Because traded sector jobs typically pay higher than average wages and generate higher than average income tax revenues, such jobs play an important role in supporting critical state services. (2) Industrial development that provides new traded sector jobs reinforces the economies of local and regional communities and contributes to the economic vitality of the State of Oregon. (3) There is a shortage of market-ready industrial land in this state. Public and private project sponsors have limited financial tools to facilitate development of significant and complex industrial land that is appropriate for traded sector industrial use. (4) Public assistance is necessary to overcome development-related constraints and to incentivize industrial land development in this state. (5) The purpose of sections 2 to 12 …

Read the full official text

Sponsors

• Daniel Nguyen (D, 38) · primary sponsor

Latest actions

1. August 13, 2025: Chapter 566, (2025 Laws): Effective date January 1, 2026.
2. July 24, 2025: Governor signed.
3. June 30, 2025: President signed.
4. June 30, 2025: Speaker signed.
5. June 27, 2025: Rules suspended. Third reading. Carried by McLane. Passed.
6. June 27, 2025: Second reading.
7. June 27, 2025: Recommendation: Do pass the A-Eng. bill.
8. June 26, 2025: Referred to Ways and Means.
9. June 26, 2025: First reading. Referred to President's desk.
10. June 26, 2025: Third reading. Carried by Nguyen D. Passed.

Votes

• Rules suspended. Third reading. Carried by McLane. Passed. (June 27, 2025): 28 yea, 1 nay, passed
• Third reading. Carried by Nguyen D. Passed. (June 26, 2025): 46 yea, 0 nay, passed
• JWM Committee Vote (June 24, 2025): 20 yea, 0 nay, passed
• HECDSB Committee Vote (March 17, 2025): 9 yea, 0 nay, passed

Common questions

What is HB2411?

HB2411 is a bill in the Oregon Legislature (2025 Legislative Measures): Relating to industrial development.

What does HB2411 do?

Digest: The Act would allow the state to aid sponsors with the financing of industrial land projects. (Flesch Readability Score: 63.6). Authorizes the Oregon Business Development Department to provide financial assistance to projects related to industrial land. Establishes the Industrial Site Loan Fund in the State Treasury. [ Allocates lottery funds for deposit in the fund for the purpose of funding financial assistance to industrial land projects. ].

What is the status of HB2411?

Chaptered as of August 13, 2025. Latest action: Chapter 566, (2025 Laws): Effective date January 1, 2026. (August 13, 2025).

Who sponsored HB2411?

Daniel Nguyen (D, 38).

Where is the official record for HB2411?

On the Oregon Legislature website: https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/2411