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Background of NEOC3

NEOEDD began discussing these issues with economic development groups throughout the region in 2012, and in 2013 formed the Northeast Oregon Community Capital Collaborative (NEOC3) with the following partner organizations:

  •     Baker County Chamber of Commerce
  •     Baker County Economic Development Council
  •     Blue Mountain Community College Small Business Development Center
  •     City of La Grande and La Grande Urban Renewal Agency
  •     Northeast Oregon Economic Development District
  •     Oregon Rural Action
  •     Rural Development Initiatives
  •     Slow Food Wallowas
  •     Springboard Innovation
  •     Union County Chamber of Commerce
  •     Union County Economic Development Corporation
  •     Wallowa County Business Facilitation
  •     Wallowa County Chamber of Commerce

 

Mission

Northeast Oregon Community Capital Collaborative (NEOC3) leverages expertise, resources and regional networks to transform the region’s economic ecosystem.

 

Goals/Objectives

The goal of NEOC3 is to encourage community members to invest in their communities, strengthen regional and local economies, and build community capital. Its objectives are to:
     1. Strengthen relationships to leverage regional economic identity and impact.
     2. Raise awareness of local investing and increase residents’ knowledge of how to provide and/or access community capital.
     3. Build and formalize structures and channels that encourage local investing.

 

NEOC3 Principles of Community Capital

The following principles remind NEOC3 of the importance of community capital and its influence on positive change in the region. NEOC3 can test proposed actions against these principles to guide decision-making.

1. Enable community members to invest in their own communities.
2. Invest in real places, in people, and enterprises close to home.
3. Stabilize and strengthen local economies with local capital.
4. Forge key relationships with all economic stakeholders.
5. Build other forms of critical community capital.
6. Help launch new entrepreneurs and support existing ones.
7. Measure success by the world we create around us, not just by the profit we make.
8. Invest to build healthy enterprises and communities over the long term.
9. Retain and circulate invested dollars in our region.
10. Define who we want to be as a community and region, and invest in making that happen.