Incentives

BUSINESS/EMPLOYMENT INCENTIVES

Qualifies for Enterprise Zone

City of Redmond Incentives

Standard Abatement	This economic development incentive offers 100% property tax relief on normally assessed significant new plant and/or equipment. Abatement lasts for three years after the property has been placed in service.
Extended Abatement	Local sponsors may extend the standard exemption to four or five consecutive years if the qualifying company creates jobs compensated at 150% of Deschutes County’s annual wage.
Super Enterprise Zone	An additional provision allows zone sponsors (cities of Redmond and Sisters, and Deschutes County) to exempt larger scale projects for a period of 7 to 15 years. In addition to property tax abatement, participants are also eligible for income and payroll tax credits based on employment. While each project is evaluated individually, minimum levels of investment, employment and compensation are outlined here.

Central Oregon Incentives

Deschutes County Economic Development Fund	Cash incentive for job creation. (To qualify, create at least 5 new well-paying jobs within county.)
Incentive Rate Industrial Land	Below-market industrial land for qualifying projects.
Oregon Investment Advantage (OIA)	Exempts Oregon income taxes for 8 years following 24 months of operation.
Construction-in- Progress Tax Abatement	Commercial and non-utility facilities can be exempt from property taxes while under construction and not in use on January 1 of the assessment year, for up to two years.
Food Processor Property Tax Exemption	New machinery and equipment may be exempt from property taxes for five years anywhere in Oregon if used in primary food processing of raw or fresh fruits, vegetables, legumes, nuts or seafood.

General

2% reduction in building permit fees for every new job created, up to a 40% maximum;
Expedited permitting process for E-Zone projects;
Waiver of water and sewer
hook-up fees;
Waiver of 50% of land use fees for businesses that meet the 150% salary and benefit threshold of Deschutes County’s annual wage.
Waiver of 25% of the land use fees for businesses that do not meet the 150% threshold;
1% reduction in System Development Charges (SDCs) for every new job created, up to 25%;
25% reduction in monthly water and sewer charges for three years, and
Waiver of $200 application fee.

E-Commerce Zone

Redmond is one of a limited number
of Oregon’s zones with special status to encourage electronic commerce
investments.

For More Information

AARON WATT
Managing Director
+1 503 279 1779
[email protected]

MARK CARNESE
Executive Managing Director
+1 503 279 1764
[email protected]

MATT JOHNSON
Executive Managing Director
+1 503 279 1789
[email protected]