Service Description: Oregon's enterprise zones offer a unique resource to Oregon communities, and an excellent opportunity for businesses growing or locating in Oregon. Primarily, enterprise zones exempt businesses from local property taxes on new investments for a specified amount of time, which varies among the different zone programs.
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Description: Oregon's Enterprise Zones primarily incentivize new business investments by abating all local property tax for a certain number of years. Sponsored by city, port, county, or tribal governments, an enterprise zone typically serves as a focal point for local development efforts. There are currently 73 enterprise zones creating better opportunities for business and employment across Oregon: 55 rural and 18 urban. Local governments are responsible for creating, amending, managing, and renewing most of these zones until June 30, 2032. For more information, please contact our Business Incentives Coordinator or see https://www.oregon.gov/biz/programs/enterprisezones/Pages/default.aspx
Copyright Text: Oregon Business Development Department, Business Incentives Coordinator
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