The Port of Umpqua, with the technical assistance of Lane Council of Governments, has updated its Strategic Business Plan. The Port of Umpqua Commission adopted the updated SBP on November 15, 2023. This updated plan was financed through a Business Oregon grant. Click HERE to view the new SBP.
This Strategic Business Plan (SBP) is intended to meet the Oregon Business Development Department’s SBP requirements. Oregon Administrative Rule – OAR 123, Division 25 – administers the Port Planning and Marketing Fund. All ports formed under ORS 777 were required to adopt an SBP within one year of the state adopting its statewide SBP in order to be eligible for project funding.
This plan is also designed to be a flexible guideline for the Port Commissioners to use to make sound fiscal policy and planning decisions. This plan has been prepared and updated to meet the following Port of Umpqua needs.
1. Establish a revised mission, vision, goals and implementation strategies.
2. Provide a plan to develop and enhance the economic diversity of the Port of Umpqua district.
3. Provide a strategy for retaining existing business and attracting new business and industry to enhance local economic diversification efforts.
4. Inventory existing Port facilities/properties and potential locations of interest for future Port investment in real property and/or capital infrastructure for new economic development.
5. Adopt a prioritized Capital Facilities Plan and feasible funding strategy.
6. Provide the community and potential customers a clear understanding of the Port’s mission, as well as its functions and purpose.
7. Comply with OAR 123-0025, which requires the Port to prepare and adopt a strategic business plan in order to request state funding for planned improvements.