Manufacturing in the Tigard/Lake Oswego Enterprise Zone
This investment area covers the majority of industrial, commercial and employment lands in Tigard and the Southwest Employment Area in Lake Oswego.
The Tigard/Lake Oswego Enterprise Zone continues to support private investment and job creation. In the City of Tigard, six firms are currently eligible to participate as of January 2018. Combined, these firms are expected to make more than $10.1 million in new capital investments and employ more than 930 residents from Tigard and around the region. Participating firms range from biotech companies to electronics manufacturers.
Does your business qualify?
The Tigard/Lake Oswego Enterprise Zone offers qualified businesses that are located within a defined boundary, a three to five year tax exemption on new investment (equipment, buildings, and facilities) when the firm also invests in new employees by increasing their workforce by 10%.
The Enterprise Zone tax exemption is especially useful for manufacturers, headquarters locations, exporters and traded-sector firms that are making capital investments and increasing their workforce.
The first step in determining if your firm is eligible is to contact the Tigard/Lake Oswego Enterprise Zone Manager, Dylan Dekay-Bemis at 503-718-2560.
- Does your business qualify as an eligible business?
- Is your location within the zone?
- Will you meet the state and local requirements?
Here’s a link to the Enterprise Zone application.
More details about Enterprise Zones in Oregon can be found via this link to Business Oregon.