Tax Breaks From ‘Enterprise Zones’ Foster Investment In Eastern Oregon

Some of Eastern Oregon’s biggest businesses get a tax break only they can access, but it comes with a catch.

The enterprise zone, an Oregon program that provides multi-year property tax exemptions on new investments, has been utilized often by Pendleton and Hermiston over the past decade. Companies in certain industries located inside one of the zones can receive a three- to five-year exemption on property taxes for new construction or equipment, as long as the investment causes the company to add jobs or increase productivity.

Source: Tax Breaks From ‘Enterprise Zones’ Foster Investment In Eastern Oregon . News | OPB