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In a move to bolster support for small businesses in the state, Oregon has introduced new legislation aimed at improving business practices and protecting entrepreneurs from predatory practices. The bill, known as the Small Business Protection Act, was signed into law by Governor Kate Brown earlier this week.The Small Business Protection Act includes several key provisions designed to level the playing field for small businesses in Oregon. One of the major components of the legislation is the establishment of a Small Business Ombudsman, who will serve as an advocate for small business owners and help them navigate the complexities of business regulations and legal procedures.In addition to the Ombudsman, the bill also includes provisions for increased oversight of large corporations and franchises operating in Oregon. These measures are intended to prevent anti-competitive behavior and promote fair competition in the marketplace.Another important aspect of the Small Business Protection Act is the creation of a Small Business Revolving Loan Fund, which will provide low-interest loans to small businesses in need of financial assistance. This fund is expected to help small businesses weather economic downturns and sustain their operations during challenging times.The passage of the Small Business Protection Act has received widespread support from small business owners and advocacy groups in Oregon. Many believe that the new legislation will provide much-needed relief to small businesses struggling to compete with larger corporations and navigate the complexities of the business world.Governor Kate Brown praised the passage of the bill, stating that "small businesses are the backbone of our economy, and it is crucial that we do everything we can to support them." She went on to say that the Small Business Protection Act represents a step forward in ensuring that small businesses have the tools and resources they need to succeed in Oregon.Overall, the introduction of the Small Business Protection Act represents a significant milestone in Oregon's efforts to support and protect small businesses. With new provisions aimed at leveling the playing field and providing financial assistance, small business owners in the state can look forward to a more supportive business environment in the years to come.