Greater Portland currently engenders a long-term sustainable business environment with its existing tax structure. The region also provides incentives that are often a factor in offsetting up-front costs for companies choosing to expand or relocate. The following programs are available in certain areas of the region for qualifying companies.
The Oregon Business Expansion Program (BEP) is a cash-based incentive program based on the estimated increase in income tax revenue as a result of new hires from the expansion or relocation of a project. Funding is available to existing companies expanding operations in Oregon o... Learn More
Oregon's Enterprise Zones exempt businesses from local property taxes on new investments. Sponsored by city, port, county, or tribal governments, an enterprise zone typically serves as a focal point for local development efforts. There are currently 74 enterprise zones creating better opportunities for business investmen... Learn More
The Governor's Strategic Reserve Fund (SRF) is a discretionary tool used for a variety of projects impacting economic development. Projects considered for funding are put through an extensive internal vetting process and ultimately submitted to the Governor for final approval. SRF funded projects fall into tw... Learn More
The Strategic Investment Program (SIP) offers a 15-year property tax exemption on a portion of large capital investments for projects developed by "traded sector" businesses. Who is Eligible? The SIP program is available for projects developed by "traded sector" businesses (??as defined in ORS 285A.010??), which are... Learn More
What is the business and occupation (B&O) tax? The state B&O tax is a gross receipts tax. It is measured on the value of products, gross proceeds of sale, or gross income of the business. Washington, unlike many other states, does not have an income tax. Washington’... Learn More
On-the-job training is an excellent alternative if you are having a hard time finding qualified applicants. WorkSource can reduce the cost of hiring and training new employees with on-the-job training by paying a portion of qualified workers’ wage during their training period. All you have t... Learn More