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Enterprise Zones
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Looking to Relocate or expand your business?

Is your business eligible for Enterprise Zone Investment Incentives?

Cities and counties across Oregon have joined together to create enterprise zones to foster employment opportunities, development and local competitiveness. These zones offer tax relief for new private capital.

The Enterprise Zone is a 3-year or 3 to 5-year property tax abatement program. In order to qualify, an eligible firm must be making new investment in construction or equipment to leased or owned property within the Enterprise Zone boundary and must be creating new or additional jobs. Once an authorized company enters into the program, it will receive full tax abatement on all qualified property during the time period, consecutively, as long as Annual Compliance with program requirements is met.

Eligibility

New companies to the area that are eligible for the program must create at least one new job, while existing companies must expand employment by at least 10 percent in the first year to be eligible. Non-qualifying employers include retail, commercial, most services, and other non-business-to-business operations. The total minimum investment required is $50,000.

Eligible investments are new real property improvements (including buildings), major site improvements, large or immobile equipment and tools. Non-qualifying investments include land, existing buildings, existing equipment, most rolling stock (forklifts, delivery trucks) and most personal property. There are no limits to the number of times a company may use the zone.

Incentives

Extended five year exemptions, an extension of the standard three-year exemption, must be approved by the zone sponsor. To qualify, companies must pay an average of 150 percent of the average wage (covered employment payroll for all employers) in total compensation, which can include non-mandatory benefits such as vacation pay, medical insurance, bonuses, overtime, profit sharing, and retirement contributions.

The Enterprise Zone offers traded-sector employers (companies that sell goods or services outside the local area and expand its economic base) and other eligible companies three (3) to five (5) year property tax exemptions on certain new capital investments that create jobs in the designated areas.


Oregon Business Development Department

Oregon’s enterprise zones offer a unique resource to Oregon communities, and an excellent opportunity for businesses growing or relocating in Oregon. Enterprise zones exempt businesses from local property taxes on new plants and equipment for three to five years in a standard zone, and up to 15 years in a rural zone.

http://www.oregon4biz.com/Oregon-Business/Tax-Incentives

Click to download the Oregon Enterprise Zone Map


Information on Local Enterprise Zones:

Salem Enterprise Zone

The City of Salem participates in the Oregon Enterprise Zone program to encourage the creation of new industrial and manufacturing jobs for the community. Qualified firms may obtain a three to five year, 100 percent property tax exemption on new plant and equipment and a 10% rebate of certain building permit fees. An extended four- or five-year property tax exemption is available when additional local requirements are met.

For information call Chad Freeman at 503-837-1800 or [email].

Details from City of Salem  [more]
Details from Business Oregon  [more]


Dallas | Rickreall Enterprise Zone

For information, call 503-623-2338 or visit City of Dallas website for complete details. [more]

Details from Business Oregon  [more]


Independence Enterprise Zone

For information, call 503-831-3502.

Details from Business Oregon  [more]


Monmouth Enterprise Zone

For information call 503-751-0146 or visit City of Monmouth website for complete details. [more]

Details from Business Oregon  [more]


North Marion Enterprise Zone

Located in cities of Aurora, Donald and Hubbard.

North Marion Enterprise Zone Map [click here] to download PDF.

For information, call Chad Freeman, SEDCOR at 503-837-1800 or [email].


Silverton Enterprise Zone

Silverton Enterprise Zone Map [click here] to download PDF.

For information, call Chad Freeman, SEDCOR at 503-837-1800 or [email].


Woodburn Enterprise Zone

For information, call 503-980-2445 or visit Woodburn's website for complete details. [more]

Details from Business Oregon  [more]

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