During the 2022 short session, the Oregon legislature passed SB 1579, the Economic Equity Investment Act, to build economic stability, self-sufficiency, wealth building and economic equity among disadvantaged individuals, families, businesses, and communities in the state. The program was allocated $15 million and will distribute funding to organizations who will, in turn, implement programs and provide resources to eligible beneficiaries to address longstanding economic inequities in four key areas: ownership of land and property; entrepreneurship and business development; workforce; and intergenerational wealth building.
This report covers fiscal years 2023-2024.