1. (1) The Board shall maintain methods for evaluating the performance and impact of investments made through the Account and the Fund, including tracking and reviewing, at least annually, quantitative and qualitative indicators of performance, which may include but are not limited to:

   1. (a) Financial returns to the Account and the Fund, including internal rate of return (IRR), distributions received, and unrealized value;
   2. (b) The general characteristics of businesses assisted by fund managers, such as sector, location, and stage of development;
   3. (c) The amount and type of third-party capital Leveraged by fund managers;
   4. (d) Aggregate employment statistics for Oregon-based companies within the portfolios, including but not limited to, total payroll, average wages, and estimated state tax revenue generated;
   5. (e) Other indicators relevant to assessing economic development, capital access, or entrepreneurial ecosystem health in Oregon.
2. (2) The Board shall require fund managers or recipients of capital to provide periodic reports sufficient to support this evaluation. Recipients must provide reports at least annually, however the Board may increase reporting requirements and frequency depending on the nature and scale of the investment and the capabilities of the manager.
3. (3) The Board may require different reporting methods and metrics for the Account and the Fund, reflecting differences in program objectives, fund structure, and data availability.
4. (4) The Board will evaluate the data collected from the reports. Evaluation findings may be used to inform future investment decisions and included in annual reporting to the Legislature or other stakeholders, as appropriate.

Statutory/Other Authority

ORS 284.883 & ORS 284.890

Statutes/Other Implemented

ORS 284.883 & ORS 284.890

History

OBDD 5-2026, adopt filed 04/01/2026, effective 04/01/2026