The Strategic Investment Program exempts a portion of large capital investments from property taxes. The program is available statewide for projects developed by “traded-sector” businesses, most often used for manufacturing firms.
Depending on the investment size, the Strategic Investment Program can offer exceptional benefits in terms of net present value.
Business Oregon provided a $2.6 million bond in 2007 to help finance Breedlove Guitars' move into a new facility. The company received a $52,500 Governor's Strategic Reserve Fund loan and a line of credit guarantee in return for creating 15 new jobs. In late 2009, the company announced plans to produce a new line of guitars resulting in another 11 full-time jobs created.
Portland is the commercial center of the state with an engaging urban environment providing year-round arts and culture attractions.
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