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Business tech service providers

Oregon businesses looking to raise money through crowdfunding (using the Oregon Intrastate Offering Exemption) are required to meet in person with a business technical service provider before filing notice with the division. Business technical service providers include: Small Business Development Centers under OAR 123-022-0070, Economic Development Districts under 13 CFR 304.1, and not-for profit accelerators and incubators approved by the director of the Department of Consumer and Business Services (DCBS).

The department will determine whether to approve an organization as a business technical service provider under the crowdfunding rules. Examples of information DCBS will consider include the following:

  1. Not-for-profit corporate status
    • 501(c)(3) status; OR
    • Status as a mutual benefit corporations, public benefit corporations and religious corporations under ORS 65.001(37); OR
    • Other proof of not-for-profit status
  2. Incubator or accelerator
    • Stated purpose of the organization
    • Mission statement
    • Client base, target populations, and geographic focus, if any
    • How client metrics are tracked
  3. Services provided
    • Description
  4. Corporate officer(s) experience
    • Name and contact information for Officer(s)
    • Whether they would be disqualified under OAR 441-035-0210
    • Central Registration Depository (CRD) information, if any
  5. Credentials of staff with direct contact with businesses
    • Relation to services provided
    • Relation to population served
  6. How is the operating budget funded
    • Grants
    • Government contracts
    • Fee for services (include fee schedule)
  7. Website, if any, to be used as platform for OIOs
    • Description of how website will comply with the requirements of 441-035-0160

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