November 25, 2002

Source: Ken Ray, 503-221-7415

Oregon Council on Knowledge and Economic Development Approves Report for Governor, Legislature

Portland, Ore. - The Oregon Council on Knowledge and Economic Development (OCKED) approved its official report to the Governor and the 2003 Legislature, outlining economic development policy and funding recommendations, at its meeting held Monday, Nov. 18 at Oregon State University in Corvallis.

The report addresses short-term and long-term strategies to enhance Oregon's economic competitiveness in a knowledge-based global economy. The Council focused its efforts on three areas that drive quality job growth and economic development:

Research and technology transfer - increasing the capacity for high-quality research and development, translating that research into commercial applications, and increasing the value and economic benefit of research and technology transfer;
Capital and business formation - increasing the amount of pre-seed, seed and institutional venture capital available to emerging businesses, especially in the technology and bioscience sectors, and developing programs and incentives to deepen management expertise and attract and retain top management talent;
Knowledge and workforce development - raising Oregon's commitment to excellence in educating and training its knowledge-based workforce, expanding capacity to meet the growing demand for well-educated knowledge-based workers, and providing expanded education and training opportunities in all areas of the state.

"The Council has developed a set of innovative ideas that will keep Oregon competitive over the next decade and beyond. Our recommendations recognize that we are facing a shift in economic development strategies that focuses on developing, retaining and attracting people with ideas that we can nurture to become leaders of Oregon's next generation of businesses," said Allen Alley, president and chief executive officer of Pixelworks, Inc. and the chair of OCKED. "The Council's proposals emphasize shifting our focus and strategy and making strategic investments that will generate high returns."

The full report will be presented to the Governor and to the Legislature before the end of this year, as required by statute. OCKED will also present its findings to Gov.-elect Ted Kulongoski and leaders of the 2003 Legislature to encourage legislative support for its recommendations.

OCKED was established by the Legislature in the 2001 regular session to identify economic development opportunities and advise public officials and various state agencies in the promotion knowledge-based economic development in Oregon. OCKED consists of private sector leaders, legislators, educators and economic development officials who have come together to identify short-term and long-term policy and investment initiatives to promote sustained economic growth in Oregon.

In addition to Alley, members of OCKED include:

  • Anne Bunnenberg, president and sales manager of Electrical Geodesics Inc., Eugene
  • Rep. Tom Butler, R-Ontario
  • Sen. Ryan Deckert, D-Beaverton
  • Randall Edwards, State Treasurer
  • Scott Gibson, chairman of Gibson Enterprises, Portland, representing the Oregon Health and Sciences University board
  • Sen. Tom Hartung, R-Portland
  • Jim Johnson, retired Oregon site manager for Intel, Portland
  • Rep. Al King, D-Springfield
  • Jill Kirk, partner, Lindberg/Kirk/Millar, Portland, representing the State Board of Education
  • Keith Larson, Intel Capital, Hillsboro
  • C. Frost Lee, founder and chief executive officer of In-Med, Bend.
  • Jim Lussier, president and chief executive officer of St. Charles Medical Center, Bend, representing the State Board of Higher Education
  • Dwight Sangrey, Pacific University trustee and former president of Oregon Graduate Institute, representing independent colleges
  • Carl Talton, vice president, community and business development, Portland General Electric, representing the Oregon Economic and Community Development Commission


Full copies of the report (in .PDF format) are available online at http://www.ous.edu/cpa/OCKED/OCKEDfinal2002report.pdf or by contacting:

Oregon University System
Office of the Vice Chancellor for Public Affairs
PO Box 751
Portland, OR 97207
503-725-5700


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