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Find similar grantsSemiconductor Industrial Lands Loan (SILL) Program is sponsored by Business Oregon. Small Business Development Center Network (SBDCN) Small Business Innovation Research (SBIR) & Technology Transfer Support (STTR) Prog Category: Economic Development.
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Business Oregon : Semiconductor Industrial Land Loan (SILL) Program : Semiconductor Industrial Land Loan (SILL) Program : State of Oregon Translate this site into other Languages tag, as divs are not allowed in 's --> Semiconductor Industrial Land Loan (SILL) Program Semiconductor Industrial Lands Loan (SILL) Program The Legislature adopted Senate Bill 4 in 2023 and committed $10 million dollars to the Industrial Lands Loan Fund to support private and public investments in industrial lands projects associated with new or expanded semiconductor manufacturing industry uses.
The Semiconductor Industrial Lands Loan (SILL) Program's purpose is to accelerate investment in planning and improving industrial lands to support investment in semiconductor manufacturing uses and increase the state’s inventory of project-ready industrial sites for semiconductor manufacturing industry investments.
The SILL Program is a forgivable loan program designed to reimburse government entities, property owners and businesses, up to $2. 5 million for development projects, and planning activities of at least $100,000 for sites of 10 acres or more.
Development projects can include a range of eligible activities such as land acquisition, infrastructure and utility improvements, and environmental remediation or mitigation of industrial properties for semiconductor manufacturing uses. SILL Round 2 Request for Applications Opens January 15 Business Oregon is pleased to announce a second round of applications to be accepted for the semiconductor industrial land loan fund.
The Round 2 Request for Applications begins January 15, 2025 and closes on February 10, 2025 at 5:00 pm Pacific Time. SILL provides forgivable loans for industrial land readiness activities for locations within 50 miles from present semiconductor industry clusters (see below for who is eligible and eligible activities). Business Oregon has awarded approximately $8.
9 million dollars across 5 projects from SILL Round 1. Round 2 will award a minimum of $100,000 and up to a maximum of $1. 1 million dollars to eligible projects.
Cities, Counties, Ports (as defined in ORS 777. 005 to 777.
72 , Airport districts (as defined in ORS 838 ), the Port of Portland, Federally Recognized Tribes and municipal entities that own or operate land, that is investing in the preparation of the land for a development project by a third party or has entered into a development or other agreement with the private owner of industrial land to prepare the land for a development project.
Private Owners including Businesses or Landowners (individuals, trusts, cooperatives, or any other organization type that can show ownership of zoned industrial land) that have an agreement with a local jurisdiction for the development of public infrastructure for the land or Private Owners that are investing in the preparation of the land for a development project by a third party.
Eligible applicant site and project requirements must have site’s of industrial zoned land of ten acres or larger, planning activities of at least $100,000 of funding requests and development projects of no greater than $2. 5 million in funding requests.
Proposed projects must consist of at least 10 acres of site area, be zoned for industrial use, have site access to transportation and freight infrastructure and be located within 50 miles from present semiconductor industry clusters in Oregon located in and around Corvallis, Eugene, Gresham, Hillsboro, Medford and Redmond.
Eligible Costs of a Development Project: Property acquisition and assembly costs including any easement or right of way necessary for a development project (land must be zoned for industrial use and identified in an applicable land use or capital plan as necessary for an industrial land development project) Transportation improvements and infrastructure for utilities Natural resource mitigation Environmental remediation and mitigation activities Direct project management, construction and consultant costs and expenses Costs of acquiring off-site property directly related to a development project Other costs that Business Oregon determines to be a necessary or useful for the project Eligible Costs of a Planning Project: Planning, Engineering, legal and other professional services associated with: Preparation of local, state and federal permits and related administrative costs Direct project expenses to carry out the project and related administrative costs Other costs that Business Oregon determines to be a necessary or useful for the project Planning project activities must be completed with twenty-four months and any development project activities must be completed within thirty-six months from the date of entering into a loan agreement.
Prevailing wage will be required on all development projects regardless of project dollar value. Contractors and subcontractors on development projects must pay for such projects a rate of wage that meets or exceeds the greater of: State labor standards and wage rates found in ORS chapter 279C, or federal prevailing wage provisions in accordance with the federal Davis-Bacon Act, as amended, 40 U.S.C.
§§ 3141 to 3144, 3146 and 3147 (2002). In December 2024, five awardees were announced. Valliscor, LLC – awarded $2,500,000 to purchase land in Albany, Oregon in order to build a new hexaflourobutadiene (C4F6) manufacturing facility.
Ravin Ventures – awarded $2,069,000 to prepare a 107 acre +/- property in Coburg, Oregon to attract a semiconductor user, including installation of water, sewer, roadways and environmental requirements. City of St. Helens – awarded $2,314,000 to build a new electrical substation to serve the region.
Columbia County – awarded $94,000 for electrical transmission route planning for the region. City of Hillsboro – awarded $1,900,000 to purchase a property to consolidate with an adjacent property. How to recognize an official Oregon website Only share sensitive information on official, secure websites.
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According to the current listing, eligibility includes: See the Oregon grants portal for complete eligibility requirements. Confirm the full requirements in the official notice before applying.
Semiconductor Industrial Lands Loan (SILL) Program is funded by Business Oregon. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Oregon. If your organization operates elsewhere, check the official notice for location requirements.
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