Ready to go Rogue?
Whether you are evaluating communities for relocation, conducting market research, searching for regional economic data, or looking for maps of the region, the information can be found here, or SOREDI knows how to find it.
Still can’t find what you’re looking for? Contact us and we’ll track it down for you.
Debt Financing (taking out a loan) is ideal for more established businesses that can show historical operations and cash flow. Taking this approach means you'll pay interest and have to provide collateral, but you don’t have to give away any equity or ownership.
Here are some of our local providers.
Oregon offers globally competitive tax incentives to encourage businesses to locate in Oregon, as well as existing Oregon businesses to grow and prosper.
Eligibility for different tax incentives varies based on a number of factors: location, number of employees, total dollars invested, and more.
It is SOREDI's goal to be business-friendly, and to help your business benefit from any and all of the opportunities that exist.
Browse the resources below, and please Reach Out to SOREDI if you need more assistance or would like to move forward.
First, some key terms...
Enterprise Zone: A specific, geographic area that may offer businesses tax breaks for certain types of development.
Opportunity Zone: Offers investors tax breaks for investing in distressed areas
Tax Abatement: A reduction to the basis (value) of the item on which you'd pay taxes on, or simply, less tax owed.
Tax Credits: Receive a credit, or reduction, on the amount of annual taxes owed for completing a defined activity. Tax credits are often spread over multiple years.
Next, review requirements and locations to see what might be the best fit:
In exchange for locating or expanding in an enterprise zone, businesses receive exemption from local property taxes on new plant and equipment for at least three years (but up to five years) in the standard program. In addition, many zones can offer special incentives for investments in long-term rural facilities or electronic commerce operations.
Enterprise zones in our region:
- Grants Pass Urban Enterprise Zone
- Jackson County Enterprise Zone
- Medford Urban Enterprise Zone
- Rogue Enterprise Zone
Who is eligible?
Examples of eligible businesses include manufacturers, processors, shippers, call centers, headquarter-type facilities, and hotels or resorts. Examples of qualified properties include new buildings or structures, structural modifications or additions, or newly installed machinery and equipment.
Retail, construction, financial, and certain other defined activities are ineligible.
Tax abatement is available for Standard (3 years) and Extended (up to 5 years) terms. Term varies based on a employee compensation, and requires local agreement.
- Increase the full-time, permanent employment of the firm by one new job or 10 percent (or less with special-case local sponsor waivers), whichever is greater;
- Generally have no concurrent job losses outside the zone boundary;
- Maintain the minimum employment level during the exemption period;
- Enter into a first-source agreement with local job training providers; and
- Satisfy any additional local condition that has been established*. *Only in an urban zone.
To apply, contact:
Colleen Padilla, SOREDI Enterprise Zone Manager, email@example.com
Fees may apply. Further detail, terms, and timelines will be provided by the EZ Manager.
Strategic Investment Program —The Strategic Investment Program exempts a portion of very large capital investments from property taxes for 15 years. The program is available statewide.
Construction-in-Process —With timely filing for each of up to two years, unfinished facility improvements may be exempt from local property taxes. In an enterprise zone, most authorized businesses enjoy a somewhat broader tax abatement using another form.
Rural Renewable Energy Development (RRED) Zone -- Only for Jackson County properties outside the major populations areas, outside the Urban Growth Boundary.
The Oregon Investment Advantage (OIA) --This program helps businesses start or locate in a number of Oregon counties by providing a multi-year, income tax (on new business operations) deduction potentially eliminating state business tax liability during an eight- or nine-year period after operations begin.
The Oregon Business Expansion Program-- A cash incentive based on the estimated increase in new personal income tax revenue resulting from the new hires from the expansion or relocation project.
Film & Video Incentives -- Oregon offers a host of incentive programs for film and video productions taking place in the state. Incentive programs rebate:
- 20% of the production’s Oregon-based goods and services
- An additional cash payment of up to 16.2% of wages paid to production personnel
Unlike other states’ programs, these incentives are cash rebates as opposed to tax credits. This simplifies and speeds up the rebate process.