Oregon Success Stories
Expansion of Cold Storage Facilities Results in 35 New Jobs
NORPAC and Henningsen Cold Storage will collaborate on a major expansion of food processing facilities in Salem.
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Oregon Administrative Rules
Oregon Revised Statutes (ORS)
Oregon Industrial Development Bonds are tax-exempt bonds issued by the state of Oregon, designed to help Oregon manufacturers grow. They provide long-term financing for land, buildings and equipment.
These bonds 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 are available to manufacturers, processors, exempt facilities (e.g., docks or solid waste facilities) and nonprofits and generally provide the greatest benefit to the borrower for bonds of $5 million or more.
The 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: