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.
Who's Using This Program?
Oregon Revised Statutes (ORS)
Oregon Administrative Rules
With a multi-year income tax holiday, this program helps businesses start or locate new operations in most Oregon counties.
Companies setting up operations in an eligible county can be certified at least eight times to annually deduct or subtract taxable income related to those operations, potentially eliminating any state business income tax liability for that period, which begins at least 24 months after the commencement of new operations.
Requirements of the certified facility include:
Having five or more facility employees receiving sufficient compensation is a requirement with each application for annual certification. The uniqueness of operations to the company and other requirements generally pertain only to the time of application for preliminary certification, which is also when the county's per capita income level is set for purposes of minium compensation. The application for preliminary certification is due to Business Oregon before hiring or any work commences on the facility, and the process for approval involves a 60-day period, during which local governments could potentially object.