Businesses in Clackamas County, Oregon, have a opportunity to bolster their growth and expansion with the help of the state's Enterprise Zone Program, which offers property tax savings to qualified businesses in the region. This initiative is designed to stimulate local business investment by providing tax exemptions on new construction and the purchase of machinery and equipment, according to a social media post by Clackamas County.
The specifics of the program are straightforward: companies that set up shop in designated enterprise zones can enjoy a three-year hiatus from property taxes, beckoning those who seek to increase their full-time workforce as well as those willing to collaborate with local job-training providers. However, the program excludes retail and several other business types. As stated in the county's post, it painted the program as a strategic tool for economic development.
Clackamas County is inviting businesses to help grow the local job market by hiring more people and partnering on job training. For additional information, please call 503-742-4249 or email [email protected].
