Oregon Success Stories
Business Oregon Backing Helps "Green" Paint Company Grow Jobs
Since 2002, Business Oregon loans and export assistance has helped Forrest Paint Company of Eugene create nearly 100 jobs over a decade.
Oregon Revised Statutes (ORS)
Oregon Administrative Rules
Rural Renewable Energy Development (RRED) Zones offer an incentive to encourage new investments that either:
Throughout Oregon, a city, county or several contiguous counties can set up a RRED Zone that covers all the territory in the jurisdiction(s) outside the urban growth boundary (UGB) of any large city or metropolitan area.
The abatement is the standard (3- to 5-year) exemption from local taxes on qualified property available in any enterprise zone, except that in a RRED Zone it is only for renewable energy activities (which also are eligible in an enterprise zone). In addition, the total amount of property (among one or more projects) that can qualify is subject to a locally-set cap with each RRED Zone designation of $250 million or less in initial market value.
Since 2013, the local government sponsor (county) may waive the requirement to create full-time employment with a new project, if the cost of the investment is $5 million or more. This is like the $25 million waiver in an enterprise zone, except that local additional conditions may not be imposed.
|Clackamas County*||Effective May 3, 2011|
|Crook County||Effective April 29, 2008|
|Deschutes County*||Effective January 8, 2015|
|Jackson County*||Effective December 12, 2014|
|Jefferson County||Effective February 5, 2010|
|Klamath County||Effective August 25, 2009|
|Lake County||Effective December 8, 2008|
|Linn County*||Effective April 7, 2008|
|Malheur County||Effective January 1, 2015|
|Polk County*||Effective January 18, 2008|
|Sherman County||Effective August 29, 2006|
*Excluding any area within metropolitan/large-city urban growth boundary (UGB).