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.
Oregon Revised Statutes (ORS)
Oregon's enterprise zones offer a unique resource to Oregon communities, and an excellent opportunity for businesses growing or locating in Oregon. Primarily, enterprise zones exempt businesses from local property taxes on new investments for a specified amount of time, which varies among the different zone programs.
Sponsored by city, port, county or tribal governments, an enterprise zone typically serves as a focal point for local development efforts. There are currently 69 enterprise zones creating better opportunities for business investment across Oregon: 54 rural and 15 urban. Local governments are responsible for creating ,amending, managing and renewing most of these zones, until June 30, 2025. Learn more >>
In exchange for locating or expanding into any enterprise zone, eligible (generally non-retail) businesses receive total exemption from the property taxes normally assessed on new plant and equipment. Subject to local authorization, timely filings and criteria the benefits include:
In addition, some enterprise zones offer special business tax incentives.