SAM Medical Positioned for Future Growth
Business Oregon helped SAM Medical increase productivity by 100%, reduce lead-time by 33% and attend two international trade shows where the company generated an additional $25,000 in export sales.
This income tax exemption program helps businesses start or locate in most Oregon counties with a multi-year income tax holiday.
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.
General company eligibility requirements include:
Having five or more facility employees 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.
The high desert of central Oregon is a beautiful natural attraction, with snow sports drawing travelers in the winter and incredible golf and hiking in the summer.