Strategic Investment Program

The Strategic Investment Program (SIP) 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. "Traded sector" is defined in Oregon law as "industries in which member firms sell their goods or services into markets for which national or international competition exists."

Depending on the investment size, the Strategic Investment Program can offer exceptional benefits in terms of net present value.

Strategic Investment Zones (SIZ) in Oregon

As of May 2011

Gresham SIZ #1

Designation: January 16, 2009
Sponsor(s): Multnomah County, City of Gresham

Features

Zone Map
500 acres prime manufacturing land inside Gresham


Clackamas Rural SIZ #1

Designation: September 24, 2010
Sponsor(s): Clackamas County; cities of Canby, Estacada, Happy Valley, Molalla and Sandy

Features

Rural Area*; Zone Map
1,791 square miles of rural area across county/cities


Clackamas Urban SIZ #2

Designation: September 24, 2010
Sponsor(s): Clackamas County; cities of Happy Valley, Lake Oswego and Milwaukie

Features

Zone Map
46 square miles of non-rural area across county/cities

*Under ORS 285C.600 "rural area" means an area located entirely outside of the urban growth boundary of a city with a population of 30,000 or more, as the urban growth boundary was acknowledged on December 1, 2002. In a rural area, the taxable portion of the investment and the community service fee are one fourth of what they are otherwise, and state application fees are lower for the partial exemption on property value under the Strategic Investment Program.