As you consider expanding and relocating, SOREDI can help you understand the cost factors that will impact your business.
The table below provides a comparison of typical business cost scenarios in different states for a manufacturing firm with 20 and 200 employees. For a customized comparison tailored to your specific needs, contact us directly.
|Cost Factor||20-Employee Firm||200-Employee Firm|
|Employee gross payroll||$903,900||$879,680||$1,007,720||$9,039,000||$8,796,800||$10,077,200|
|Corporate income/other taxes*||$2,000||$1,658||$36,300||$59,950||$212,160||$363,000|
|Annual property tax||$125,600||$85,600||$72,000||$1,256,000||$856,000||$720,000|
|Annual tax on current purchases||$0||$33,975||$32,438||$0||$339,750||$324,375|
|Tax on capital purchases||$0||$543,600||$1,305||$0||$5,436,000||$13,050|
|Total operating costs, initial capital taxes||$1,208,929||$1,768,474||$1,323,177||$12,129,244||$17,880,327||$13,231,771|
|Difference from Oregon||+$559,545||+$114,248||+$5,751,093||+$1,102,527|
|*”Other taxes” includes any relevant business taxes that states would apply to the business used in the example such as gross receipts taxes. Table source: Business Oregon website. This analysis is for illustrative purposes and not tax advice, actual results may vary. Contact a tax professional with any tax-related questions you may have.|
This region in southwest Oregon includes the Medford Metropolitan Statistical Area (Jackson County) and rural Josephine County. Jackson County accounts for over three-quarters of total private sector employment in the region, and has a higher average wage than Josephine County. Forestry and wood products manufacturing, along with agriculture and food and beverage manufacturing, have been staples of the economy here. More recently, this region has become a magnet for retirees, which is reflected in the large and growing health care and personal services industries here. Between 2002 and 2012, private sector employment in the region grew by 2.3 percent, well below the statewide average of 4.1 percent. The average wage in the region is also 23 percent lower than the statewide average. [Read More]