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Oregon Economic Development Directory


OR Statewide Economic Development Agencies

Business Oregon
Jill A. Miles, CEcD
National Business Recruitment Officer
121 SW Salmon Street, Suite 205
Portland, OR USA 97104
503-551-0997
jill.a.miles@state.or.us
www.orebon4biz.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

OR Utilities

PacifiCorp
Erik Andersson
Industrial & Economic Development Manager
825 NE Multnomah, Suite 2000
Portland, OR USA 97232
503-813-5117
erik.andersson@pacificorp.com
www.pacificorp.com
Portland General Electric
Charlie Allcock
Economic Development Director
121 SW Salmon Street, 3WTCBR06
Portland, OR USA 97204
503-464-7694
charlie.allcock@pgn.com
www.portlandgeneral.com

OR Regional Economic Development Agencies

Southern Oregon Regional Economic Development, Inc.

Ron Fox
Executive Director
673 Market Street
Medford, OR USA 97504
541-773-8946
colleen@soredi.com
www.soredi.org

Strategic Economic Development Corporation
Ray Burstedt
President
745 Commercial Street NE
Salem, OR USA 97301
503-588-6225 302
info@sedcor.com
www.sedcor.com

OR County Economic Development Agencies

Harney County Economic Development
Mark Maliwauki
Director
484 North Broadway
Burns, OR USA 97720
541-573-1638
econdev@harneycounty.org
www.harneycounty.org/
Lane Metro Partnership
Jack Roberts
Executive Director
1401 Willamette Street, 2nd Floor, P.O. Box 10398
Eugene, OR USA 97440
541-686-2741
business@lanemetro.com
www.lanemetro.com
Malheur County
Jim Jensen
Director
316 Northeast Goodfellow, Suite 2
Ontario, OR USA 97914
541-881-0327
mcedd@cableone.net
www.malheurco.org/ecodev
The Partnership (Umpqua Economic Development Partnership)
Helga Conrad
Economic Development Director
744 SE Rose Street
Roseburg, OR USA 97470
800-210-9032
helgac@uedpartnership.org
www.uedpartnership.org

OR City Economic Development Agencies

Albany-Millersburg Economic Development Corporation
John Pascone
President
P.O. Box 548
Albany, OR USA 97321
541-926-1519
pasconj@peak.org
www.albany-millersburg.com
City of Grants Pass
Laurel Samson
Assistant City Manager
101 NW A Street
Grants Pass, OR USA 97526-2000
541-474-6360
lsamson@grantspassoregon.gov
www.ci.grants-pass.or.us
City of Gresham
Janet Young
Director of Economic Development Services
1333 NW Eastman Parkway
Gresham, OR USA 97030
503-618-2504
janet.young@greshamoregon.gov
www.greshamoregon.gov
City of Medford
Bill Hoke
Economic Development Coordinator
411 West 8th Street, Room 312
Medford, OR USA 97501
541-774-2000
citymanager@ci.medford.or.us
www.ci.medford.or.us
City of Portland Bureau of Planning
Steve Kountz
Senior Planner
1900 SW 4th Avenue, Suite 7100
Portland, OR USA 97201-5380
503-823-4551
pdxplan@ci.portland.or.us
www.portlandonline.com/planning/
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

Oregon State Incentives

The OREGON BUSINESS EXPANSION AND RETENTION PROGRAM is a new tool that creates a state incentive available to existing companies expanding operations in Oregon or new companies coming in to the state. The program helps innovative, knowledge-based industry companies create more high-paying jobs in Oregon by helping to offset a company’s expansion costs with forgivable loans based on the anticipated increase in income tax revenue due the state from the new jobs created. The program is capitalized with Lottery Funds (up to $4 million for 2011-13 biennium). To be eligible, the company must plan to hire 50+ new employees in Oregon; have 150 or more employees at time of eligibility; have employee wages are 150 percent above state average or county average, whichever is less; and must be in a traded-sector industry (excludes retail businesses);

INDUSTRIAL DEVELOPMENT PROJECTS OF STATE SIGNIFICANCE: This new program sets up a process for identifying up to ten “regionally significant” industrial areas per biennium to further job creation. It also establishes an expedited review process and narrows the grounds for appeal. The intention is to protect those industrial lands with the potential for future economic development and job growth from conversion to residential or commercial zoning.

The MANUFACTURING BUSINESS ENERGY TAX CREDIT (BETC) (HB 2523) moves to Business Oregon in 2012. The manufacturing credit has been instrumental in growing Oregon’s expanding renewable energy industry. Oregon facilities that manufacture renewable energy resource equipment may be eligible for the credit, which has proven extremely valuable to offset the costs of large capital investments. Eligible costs may include the building, equipment and machinery and other costs used to manufacture equipment, machinery or products designed exclusively to use a renewable energy resource. The facilities are eligible for a tax credit of 50 percent of eligible costs, up to a maximum of $40 million in eligible costs for each phase of development. HB3672 extended the sunset dates to 2018 for a number of important incentive programs and tax credits that support a range of business development activities across the state. These extensions include: the state’s Research & Development Credit, Long-term Rural Enterprise Zones, Electronic-Commerce Zones, the Film and Video Credit, and Biomass credits. In addition, the Oregon Investment Advantage program was extended to July 1, 2016 for rural and distressed Oregon counties seeking to recruit traded sector company development. More info on these programs can be found here.

OREGON BUSINESS DEVELOPMENT FUND (OBDF): A revolving loan fund that provides term fixed-rate financing for land, buildings, equipment, machinery and permanent working capital. Participants must create or retain jobs and must typically be a traded-sector business in manufacturing, processing or distribution. The program gives preference to projects located in rural and distressed areas and to small businesses with fewer than 100 employees. Loans have a maximum amount of $700,000; a maximum term and amortization of 20 years or the useful life of the project and/or collateral; a fixed interest rate of U.S. treasury Bills plus 1 percent APR (4 percent minimum APR); and a 1.5 percent loan origination fee.

OREGON CAPITAL ACCESS PROGRAM (CAP): Helps lenders (banks and credit unions) make more commercial loans to small businesses and provides capital for start-up or expansion. It is designed for non-profit and for-profit businesses seeking funds for most business purposes. All types of loans and lines of credit are eligible. Lenders build a loan-loss reserve each time they enroll a loan. Contributions to the loan-loss reserve account are matched by Oregon Capital Access Program. CAP loans have enrollment fees between 3 percent and 7 percent as determined by the financial institution; will receive a match on the enrollment fee of up to $35,000 per borrower; and have rates and terms for repayment determined by the lender.

OREGON CREDIT ENHANCEMENT FUND (CEF): A loan insurance program available to lenders to assist businesses in obtaining access to capital. The fund guarantees loans made by lenders providing working capital or fixed-asset loans to businesses. The program is available for traded-sector manufacturing, production, processing and distribution companies; can assist most business located in a designated distressed area; can assist businesses that are using proceeds to clean up a brownfield site; can include loans used for fixed assets, working capital or export financing; can insure term loans and lines of credit and; has an enrollment fee typically between 1.25 percent and 3.0 percent of the insured amount based on the term of the credit facility.

Loan guarantees are typically up to 80 percent of the loan amount, up to $2,000,000 exposure for term loans.

OREGON INDUSTRIAL DEVELOPMENT BONDS: Tax-exempt bonds issued by the state of Oregon, designed to help Oregon manufacturers grow. They finance job creation and business growth for Oregon traded-sector, value-added manufacturers and processors by providing long-term debt financing for land, buildings and other fixed assets at a rate below prime. Affordable interest rates and tax-exempt status assist in lowering capital expenses. The bonds generally provide the greatest benefit to the borrower for bonds of $5 million or more.

OREGON EXPRESS BOND PROGRAM: Uses much less paperwork and highly standardized documents to save borrowers time and money during the tax-exempt bond borrowing process. Business Oregon has selected a bond counsel firm with a pre-approved fee schedule. Express Bonds are placed with the borrower’s bank and may be feasible for financing smaller projects, particularly within the $500,000 to $5 million cost range.

ENTREPRENEURIAL DEVELOPMENT LOAN FUND (EDLF): Provides direct loans to help start-ups, micro-enterprises and small businesses expand or become established in Oregon. This fund fills a niche not provided through traditional lending markets. Loans are a maximum amount of $50,000 with a maximum term and amortization of 5 years and a fixed interest rate of Prime plus 2 percent APR. Participants must meet one, or both, of the following criteria:

  • have revenues of less than $500,000 in the previous 12 months or
  • be a business owned by a severely disabled person.

BROWNFIELDS REDEVELOPMENT FUND: A Brownfield is property where expansion or redevelopment is complicated by actual or perceived environmental contamination. Oregon’s Brownfields Program is available to provide financing for the full range of environmental activities—assessment through cleanup—associated with Brownfields redevelopment. The department works with the OR Department of Environmental Quality to ensure that a project’s scope of work will achieve environmental compliance and meet the needs of the redevelopment project.

The BUILDING OPPORTUNITIES FOR OREGON SMALL BUSINESS TODAY (BOOST) FUND offers two independent resources, direct loans and grants, to small business owners in Oregon.

  • The BOOST LOAN PROGRAM is a revolving loan fund that provides term fixed-rate financing for small businesses in need of operating capital. Loan proceeds may be used to support daily operations (i.e., rent or mortgage payments, utilities, marketing expenses, employee expenses, accounts receivable/payable, small equipment purchases, etc). Participants must be a small business with 100 or fewer employees and must be a traded-sector business in manufacturing, processing or distribution. A BOOST loan applicant will need to demonstrate a reasonable capacity to create or retain jobs, provide adequate collateral for the loan and demonstrate a reasonable prospect of repayment.
  • The BOOST GRANT PROGRAM will award and make grants as an incentive to Oregon businesses that create new, full-time jobs in Oregon. Applicants must be businesses with 100 or fewer employees, must create and retain new full-time jobs for a period of at least 6 months, must be a traded-sector business in manufacturing, processing or distribution, and must demonstrate that comparable wages are provided to their employees. Up to $2,500 may be awarded to an applicant for each full time job created and retained with an annual maximum of $50,000 per applicant in a calendar year.

TAX INCENTIVES

Oregon offers globally competitive tax incentives to help encourage businesses to locate in Oregon, and existing Oregon businesses to grow and prosper.

  • ENTERPRISE ZONES (EZs): In exchange for locating or expanding in an enterprise zone, businesses receive exemption from local property taxes on new plant and equipment for at least three years (but up to five years) in the standard program. In addition, some zones can offer special incentives for investments in long-term rural facilities or electronic commerce operations.
  • The OREGON INVESTMENT ADVANTAGE: This income tax exemption program helps businesses start or locate in a number of Oregon counties by providing a multi-year deduction for all income-based taxes related to the new business operations, potentially eliminating state business tax liability during that multi-year period.
  • STRATEGIC INVESTMENT PROGRAM: Exempts a portion of very large capital investments from property taxes. The program is available statewide.
  • RESEARCH TAX CREDITS: Corporate tax credit for qualified research and basic research conducted in Oregon, as a state-level extension of federal R&D tax credits.
  • CONSTRUCTION-IN-PROCESS: With timely filing for each of up to two years, unfinished improvements to a business facility may be exempt from local property taxes statewide. (In an EZ, most authorized business firms can receive essentially the same but somewhat broader tax abatement using another form.)
  • EMPLOYER-PROVIDED DEPENDENT CARE TAX CREDIT: A 50 percent credit for the annual cost of assisting employees with childcare and similar needs.
  • FILM & VIDEO INCENTIVES: Oregon offers a host of incentive programs for film and video productions taking place in the state. Incentive programs rebate:

o 20 percent of the production’s Oregon-based goods and services
o An additional cash payment of up to 16.2 percent of wages paid to production personnel

Unlike other states’ programs, these incentives are cash rebates as opposed to tax credits. This simplifies and speeds up the rebate process.

RENEWABLE ENERGY INCENTIVES

  • BUSINESS ENERGY TAX CREDIT: Offered by Business Oregon to companies that invest in renewable energy-related manufacturing.
  • RURAL RENEWABLE ENERGY DEVELOPMENT ZONES: A three to five year exemption from property taxes on new investments in wind energy farms, biofuel production and other eligible projects in a designated county.
  • STATE ENERGY LOAN PROGRAM (SELP): For renewable energy, including manufacturing facilities. Loans have been as short as 10 years and as long as 30 years, depending on the borrower’s need and financial situation, and have been as large as $20 million. The Oregon Department of Energy finances these low-interest loans through the issuance of state general obligation bonds.

A complete list of incentives and business climate information can be found at www.Oregon4biz.com/The-Oregon-Advantage/


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