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Economic Development

Introduction

Tax Expenditure Defined 
 
The 1995 Budget Accountability Act (OR​S 291.201) defines a tax expenditure as: 
any law of the Federal Government or of this state that exempts, in whole or in part, certain persons, income, goods, services, or property from the impact of established taxes, including, but not limited to tax deductions, tax exclusions, tax subtractions, tax exemptions, tax deferrals, preferential tax rates, and tax credits.
The term "tax expenditure" derives from the parallel between these tax provisions and direct government expenditures. For example, a program to encourage businesses to purchase pollution abatement equipment could be structured with an incentive in the form of a tax credit or a direct payment by the state to businesses. Tax expenditures can be viewed as: (1) providing financial assistance to certain groups of taxpayers, (2) providing economic incentives that encourage specific taxpayer behavior, or (3) simplifying or reducing the costs of tax administration. While the third of these policy objectives eliminates inefficiencies within the tax code, the first two could be implemented with direct expenditures rather than tax expenditures​.
 
 
Tax Expenditure Reports
 
The biennial tax expenditure report accompanies the Governor's recommended budget submitted to the Legislature before each session. It describes provisions of Oregon tax laws that impart special treatment to a group of taxpayers, such as exclusions, credits, deductions, and exemptions. 

This report describes each provision and provides revenue loss estimates and evaluations of effectiveness. It also includes summary tables that group tax expenditures according to tax program and budget program/function. 
See ORS 2​91.203​ for the statutory reference that requires these reports.
The links below provide access to Department of Revenue currrent and historical tax expenditure reports, as well as other tax and statistical reports.
 
DOR Statistical Reports
 
For additional information, email the Dept. of Revenue Research Section
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Business Oregon

Business Oregon is the state's economic development agency. The following reporting topics are managed by Business Oregon. Records can also be found on the agency’s website at https://www.oregon4biz.com/About-Us/Public-Record-Request/

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Incentive Programs

Business Oregon incentive programs include a variety of tax abatements, forgivable loans, and financing for businesses that aid in their ability to expand production, create jobs, and build regional capacity for future growth.


Strategic Investment Program (SIP)

The Strategic Investment Program exempts a portion of very large capital investments from property taxes for 15 years. The program is available statewide. For questions or information visit https://www.oregon4biz.com/Oregon-Business/Tax-Incentives/SIP/

Report: Strategic Investment Program

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Oregon Investment Advantage (OIA)

This program helps businesses start or locate new types of operations in a number of Oregon counties by providing an income tax subtraction, potentially eliminating state income tax liability on the operations for several years after they begin. For questions or information visit https://www.oregon4biz.com/Oregon-Business/Tax-Incentives/OIA/

Report: Oregon Investment Advantage

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Oregon New Market Tax Credits (NMTC)

(No longer accepting applications)

This program helps finance investments and create jobs in low-income Oregon communities; only Community Development Entities receiving federal New Market Tax Credits are eligible. For questions or information visit https://www.oregon4biz.com/Oregon-Business/Tax-Incentives/NMTC/

Report: Oregon New Market Tax Credits

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Governor's Strategic Reserve Fund (SRF)

With coordination and approval from the Governor's office, Business Oregon makes strategic loans and forgivable loans from the Governor's Strategic Reserve Fund. These targeted investments are made to specific projects that create jobs, provide actionable research, or build regional capacity for future growth. For questions or information visit https://www.oregon4biz.com/Oregon-Business/Tax-Incentives/Strategic-Reserve-Fund/

Report: Strategic Reserve Fund

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Business Expansion Program (BEP)

A cash-based incentive (forgivable loan) for existing companies expanding operations in Oregon or new companies coming into the state that is based on the estimated increase in income tax revenue from new hires. For questions or information visit https://www.oregon4biz.com/Oregon-Business/Tax-Incentives/BEP/

Report: Business Expansion Program

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Business Finance Programs

The business finance programs help Oregon businesses purchase assets such as land, buildings, and machinery, aid start-ups and small business expansions, and begin or grow international sales.


Oregon Business Development Loan Fund (OBDF)

This a revolving loan fund providing fixed-rate financing for land, buildings, equipment, machinery, and permanent working capital. For questions or information visit https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/OBDF/

Report: Oregon Business Development Loan Fund

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Entrepreneurial Development Loan Fund (EDLF)
The fund provides direct loans to help start-ups, micro-enterprises, and small businesses expand or become established in Oregon. For questions or information visit https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/EDLF/

Report: Entrepreneurial Development Loan Fund

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Credit Enhancement Fund (CEF)

This is a loan insurance program available to lenders to assist businesses in obtaining access to capital. For questions or information visit https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/CEF/

Report: Oregon Credit Enhancement Fund

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Capital Access Program (CAP)

The program helps lenders make more commercial loans to non-profit and for-profit businesses seeking funds for most purposes. For questions or information visit https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/CAP/

Report: Oregon Capital Access Program

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Oregon Royalty Fund

The Oregon Royalty Fund is an alternate financing solution for growing companies that do not yet qualify for traditional financing. The program allows businesses to pay a monthly royalty payment as a percentage of sales. For questions or information visit https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/ORF/

Report: Oregon Royalty Fund

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Industrial Development Bonds (IDB)

Oregon Industrial Development Bonds are tax-exempt bonds issued by the state of Oregon, designed to help Oregon manufacturers grow. They provide long-term financing for land, buildings and equipment. For questions or information visit https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/IDB/

Report: Industrial Development Bonds

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Beginning and Expanding Farmer Loan Program (Aggie Bonds)

This program provides eligible new farmers with tax-exempt financing for capital purchases. For questions or information visit https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/Aggie-Bond/

Report: Beginning and Expanding Farmer Loan Program

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Innovation & Entrepreneurial Support

Business Oregon innovation and entrepreneurial support programs leverage state resources and invest in entrepreneurs as they turn their cutting-edge research into new companies. These programs help Oregon prioritize and remain competitive within commercialized technology and new product development.


Oregon Innovation Council (Oregon InC)

The Oregon Innovation Council (Oregon InC) oversees investments in Signature Research Centers and unique initiatives that advance new or emerging technology-based industries where Oregon holds unique competitive advantages; and federal SBIR grant and matching grant programs for small businesses to conduct research and development (R&D) with commercialization potential. Business Oregon reports the names of persons or companies that received grants or loans, the purpose, and amount of the grant or loan. For questions or information visit https://www.oregon4biz.com/Innovate-&-Create/Oregon-InC/

Report: Oregon InC

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Oregon Growth Account

Within the Oregon Growth Account, investments are made in institutional investment vehicles and pre-institutional investment vehicles. For questions or information visit https://www.oregon4biz.com/Innovate-&-Create/Oregon-Growth-Board/Investments/

Report: Oregon Growth Account

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Oregon Growth Fund

Within the Oregon Growth Fund, investments are made with the purpose of growing the capital ecosystem in Oregon to promote economic development. Investments in this category tend to be first-time funds, smaller, and less institutional than the investments made from the Growth Account. For questions or information visit https://www.oregon4biz.com/Innovate-&-Create/Oregon-Growth-Board/Investments/

Report: Oregon Growth Fund

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Rural Opportunity Initiative (ROI)

The Rural Opportunity Initiative (ROI) is a collaborative strategy to build local environments supportive of entrepreneurs and small business. Through financial support, innovative partnerships, network creation, and a bevy of business development resources, ROI strengthens and unifies the entrepreneurial ecosystem within and across Oregon's rural communities. For questions or information visit https://www.oregon4biz.com/Innovate-&-Create/ROI/

Report: Rural Opportunity Initiative

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Business Retention Services

The Business Retention Services Program is designed to help private sector companies with multi-industry expertise in finance, marketing, operations, turnarounds, restructurings, feasibility studies, and more. For questions or information visit https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/BRS/

Report: Business Retention Services​

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Infrastructure Programs

Business Oregon infrastructure programs assist communities to build infrastructure capacity to address public health, safety, and compliance issues to best support their ability to attract, retain, and expand businesses.


Brownfields

For businesses that wish to develop or expand on property that is complicated by actual or perceived environmental contamination, Business Oregon’s Brownfields Program is available to provide financing for the full range of environmental activities. For questions or information visit https://www.orinfrastructure.org/Infrastructure-Programs/Brownfields/

Report: Brownfields

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Community Development Block Grant Program

Grants and technical assistance available to develop livable urban communities for persons of low and moderate incomes by expanding economic opportunities and providing housing and suitable living environments. For questions or information visit https://www.orinfrastructure.org/Infrastructure-Programs/CDBG/

Report: Community Development Block Grant Program

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Port Planning & Marketing Fund

This grant program helps ports fund planning or marketing studies related to expanding their trade and commerce activities. This includes developing and marketing facilities and services that support important industries in the state. For questions or information visit https://www.orinfrastructure.org/Infrastructure-Programs/PPM/

Report: Port Planning & Marketing Fund

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Regional Infrastructure Fund

The Regional Infrastructure Fund provides grants and loans to local governments for Regional Solutions implementation projects including long-range planning, research, and design. For questions or information visit https://www.oregon4biz.com/Regional-Infrastructure-Fund/

Report: Regional Infrastructure Fund

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Safe Drinking Water Revolving Loan Fund

This loan fund focuses on bringing low-cost financing to eligible water systems for planning, design, engineering, and construction of drinking water facilities. For questions or information visit https://www.orinfrastructure.org/Infrastructure-Programs/SDW/

Report: Safe Drinking Water

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Seismic Rehabilitation Grant Program

The Seismic Rehabilitation Grant Program (SRGP) is a competitive grant program that provides funding for the seismic rehabilitation of critical public buildings, particularly public schools and emergency services facilities. For questions or information visit https://www.orinfrastructure.org/Infrastructure-Programs/Seismic-Rehab/

Report: Seismic Rehabilitation Grant Program

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Special Public Works Fund
The Special Public Works Fund provides low-cost financing to eligible municipalities for planning, design, and construction of utilities and facilities essential to industrial growth, commercial enterprise, and job creation. For questions or information visit https://www.orinfrastructure.org/Infrastructure-Programs/SPWF/

Report: Special Public Works Fund

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Water/Wastewater
The Water/Wastewater Fund provides low-cost financing for design and construction of public infrastructure needed to ensure compliance with the Safe Drinking Water Act or the Clean Water Act. For questions or information visit https://www.orinfrastructure.org/Infrastructure-Programs/WW/

Report: Water/Wastewater


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Oregon Governor's Office of Film & Television (Oregon Film)


Oregon Governor's Office of Film & Television (Oregon Film)

The following reporting topics are managed by the Oregon Film & Video Office (OFVO).
 
Greenlight Oregon Labor Rebate

The Greenlight Oregon Labor Rebate (“GOLR”) is designed to recruit film, television, interactive media, and commercial production as well as post-production to Oregon.  Through GOLR, the Oregon Film & Video Office recruited and tracked $120,000,000 of film, television, commercial and media production spending, including over $14,700,000 of television commercial spending by Oregon based companies during the fiscal year 2018-2019 supporting more than 3000 jobs and countless local vendors. GOLR is an essential tool along with the Oregon Production Investment Fund (“OPIF” see below) in recruiting film, TV and media production, and GOLR specifically, is an invaluable tool in expanding the TV commercial sector. 

GOLR provides a 6.2% rebate on qualified Oregon labor expenditures. This is currently defined as labor expenditures subject to Oregon withholding taxes.

In order for a producer to qualify for GOLR, they must meet a set of criteria including:

• Submit an application (found via https://oregonfilm.org/incentives/)

• Film and TV producers must spend at least $1,000,000 in Oregon on a project.

• TV Commercial producers must spend at least $1,000,000 in Oregon over one calendar year.

• Submit detailed report(s) of Oregon expenses subject to an audit.

An Economic Impact Analysis of the Oregon Film and Television Industry compiled and completed in 2017 by the Northwest Economic Research Center (NeRC) can be found at - https://oregonfilm.org/about-us/

For more information about Oregon Film Incentives visit
https://oregonfilm.org/incentives

Green Light Program Reimbursements 

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Tax Credit Auction Program – Oregon Production Investment Fund

The Oregon Production Investment Fund (OPIF) is designed to provide taxpayers in Oregon with a tax credit if the taxpayer submits an application, contributes the agreed upon amount, and there are available tax credits for that fiscal year. Every year the legislature allocates a fixed amount of tax credits for this program. In fiscal year 2018-2019, that amount was $14,000,000. The Oregon Department of Revenue oversees an auction for the sale of these tax credits every summer. For more information on the application for the tax credit, please go to: https://oregonfilm.org/tax-credits/

The funds raised through this program are used for the film and television production rebate portion of the program. An Economic Impact Analysis of the Oregon Film and Television Industry compiled and completed in 2017 by the Northwest Economic Research Center (NeRC) can be found at - https://oregonfilm.org/about-us/
 

For more information about Oregon Film incentives visit https://oregonfilm.org/incentives/.
 
Oregon Prod Invest Fund (OPIF) Auction Results

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Oregon Production Investment Fund & Indigenous Oregon Production Investment Fund

The Oregon Production Investment Fund (“OPIF”) offers qualifying film or television productions spending more than $1 million in Oregon, a 20% cash rebate on production-related goods and services paid to Oregon vendors, and a 10% cash rebate of payrolled wages paid for work done in Oregon.

OPIF is a capped annual fund of $14 million for the July 1, 2019 to June 30, 2020 fiscal year.

A dedicated portion of the OPIF program is the Indigenous Oregon Production Investment Fund (“iOPIF”). iOPIF provides rebates of 20% of goods and services and 10% of Oregon labor for projects by Oregon producers and crews who spend a minimum of $75,000, incentivizing up to the first $1 million of their spend. (Other requirements will apply.) In fiscal year 2018-2019, the iOPIF fund was segregated as 7.5% of the overall OPIF fund, or approximately, $1,000,000. On its own, iOPIF supported more than $5 million of production activity in the state by focusing on local crews and local producers.

Another dedicated portion of the OPIF program is the Regional Oregon Production Investment Fund (“rOPIF”). rOPIF has two qualifying sections: 1) for productions basing themselves in Portland that produce 1 or more shooting days outside of a 30 mile zone from Burnside Bridge and 2) for productions that base the entirety of their production outside of the same 30 mile zone.

rOPIF rebates costs directly associated with the travel outside of the zone for qualifying projects under (1) above or rOPIF adds a further +10% to the OPIF rebate provided to projects qualifying under (2) above. rOPIF is available to any project accepted to the OPIF or iOPIF program but must be applied for, and audited, separately. During the 2018-2019 fiscal year rOPIF helped 9 projects bring some or all of their production work to places like Arch Cape, Elkton, Dufur, Madras, Hood River, Salem, Vernonia and Bandon.

Through the combination OPIF, iOPIF, & GOLR, the Oregon Film & Video Office recruited and tracked $120,000,000 of film, television commercial, interactive media, and post-production spending in the state during the fiscal year 2018-2019 supporting more than 3000 jobs and countless local vendors. Based on many facts, including that more than 30 states and all of Canada provide film and television producers with film incentives, OFVO believes that Oregon would not have been able to bring this amount of activity to the state without the Oregon Production Investment Fund.  


An Economic Impact Analysis of the Oregon Film and Television Industry compiled and completed in 2017 by the Northwest Economic Research Center (NeRC) can be found at - https://oregonfilm.org/about-us/

In order for a filmmaker to qualify for OPIF or iOPIF, they must meet a set of criteria including:

- Submit an application (found via
https://oregonfilm.org/incentives/.)

- A production must directly spend at least US $1million in Oregon to qualify for OPIF. No single production can take more than 50% of the fund in any given fiscal year.

- Local Filmmakers may qualify for iOPIF with spending as low as $75,000 with a 80% locally hired crew (see below).

- Submit detailed report(s) of Oregon expenses subject to an audit.

For information about Oregon Film incentives visit https://oregonfilm.org/incentives/.

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Filmmakers or Companies receiving OPIF, iOPIF, and rOPIF Reimbursements

These are the filmmakers or companies receiving reimbursements, and the amount of each reimbursement, from OPIF, iOPIF, and rOPIF programs as required under ORS 284.368 are provided below. 
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Contact Oregon Film & Television

For more information on the People, Programs, Budgets, and the Mission of Oregon Film & Television,
please visit our website.

Enterprise Zones (EZ) & Long-Term Rural Program Reports 

Enterprise Zones

In exchange for locating or expanding in an enterprise zone, businesses receive an exemption from local property taxes, on a new plant and equipment for at least three years (but up to five years), in the standard program. In addition, many zones can offer special incentives for investments in long-term rural facilities or electronic commerce operations.

Long-Term Rural Enterprise Zone Facilities Program

The Long​-Term Rural Enterprise Zone Facilities Program extends property tax abatement for 7–15 years, compared to the standard three to five years, in most rural enterprise zones. Any type of business activity is eligible, but these incentives depend on local approval and minimum levels for investment size, job creation and employee compensation. 


Reporting Schedule

The Long-Term Rural Enterprise Zone Facilities Program Reports are usually received by the Department of Revenue (DOR) during the first quarter of the year. They are  reviewed by the DOR prior to submission to the Oregon Transparency Program and website. The most recent reports are provided below.

​County ​2019 2018​ ​2017 2016​
​Crook   ​Report Report Report Report
​Douglas  ​Report Report Report Report
Morrow  
​Report ​Report Report Report
​Wasco   ​Report ​ ​Report​ Report Report
 

Reservation Enterprise Zone Program

Each of the nine federally recognized Indian Tribes in Oregon can also have a single Rese​rvation Enterprise Zone designated to encompass up to 12 square miles of its tribal lands throughout the state.  A tribe can also enter into a special
intergovernmental agreement with a city, port, or county government to directly create and co-sponsor any number of contiguous "reservation partnership zones" anywhere in Oregon.

Data Reporting

Due to disclosure laws, data reports from this program are unavailable. Reservation Enterprise Zone Program businesses receive a corporation or personal income tax credit depending on how their business is incorporated, and the only data available is from corporation or personal income tax returns, which are not allowed to be disclosed. 

Electronic Commerce Zone Program
 
Some enterprise zones have received special status to further encourage electronic commerce, or "e-commerce," investments. "Electronic commerce" is defined as engaging predominantly in transactions via the internet or an internet-based computer platform. These transactions include taking orders, closing sales, making purchases, providing customer service, or undertaking other activities that serve the business's overall purpose, even if retail in nature.  The most significant feature of these designations is that qualifying businesses may receive a credit against the business's annual state income or corporate excise tax liability. For more information, refer to the Elec​tronic Commerce Zone Program.

Data Reporting

Due to disclosure laws, data reports from this program are unavailable. Electronic Commerce Zone Program businesses receive a corporation or personal income tax credit depending on how their business is incorporated, and the only data available is from corporation or personal income tax returns, which are not allowed to be disclosed. 
 
Rural Renewable Energy Development Zone Program

Rural Renewable Energy Develop​ment (RRED) Zones offer an incentive to encourage investments that either: harness wind, geothermal, solar, biomass or other unconventional forms of energy in Oregon to generate electricity, or produce, distribute or store any of a wide variety of biofuels.  Throughout Oregon, a city, county or several contiguous counties can set up a RRED Zone that covers all the territory in the jurisdiction(s) outside the urban growth boundary (UGB) of any large city or metropolitan area.
 
The abatement is the standard (3 to 5 year) exemption from local taxes on new property available in any enterprise zone, except that in a RRED Zone it is only for renewable energy activities (which also would be eligible if located in an enterprise zone). The total amount of property (among one or more projects) that can qualify is subject to a locally-set cap with each RRED Zone designation of $250 million or less in initial market value.  

Data Reporting

Data Reports associated with the Rural Renewable Energy Development Zone Program are available on the “RRED Zone” tab of the Enterprise Zone (EZ) Assessor Reports, provided in the section below.  



Enterprise Zone (EZ) County Assessor Reports

Oregon's enterprise zones offer a unique resource to Oregon communities, and provide an excellent opportunity for businesses growing or relocating in Oregon. Primarily, enterprise zones exempt businesses from local property taxes on new investments.

Sponsored by municipal or tribal governments, an enterprise zone typically serves as a focal point for local development efforts. Currently, there are 73 enterprise zones creating opportunities for business investments across Oregon: 56 rural and 17 urban.

Enterprise Zone County Assessor Reports

These current composite reports cover several years, and are streamlined for ease of use. This two (2) part report consists of Part A and Part B, is sorted by county,  and includes data and information from Enterprise Zone County Assessor Reports.



For additional information, email the Department of Revenue Research Section at dor.research@oregon.gov.

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County Lottery Funds - Expenditure Report


The Oregon Legislature passed House Bill 3188 during the 2011 Legislative Session.
This bill requires that each of the 36 Oregon Counties report expenditure information, related to the use of Lottery Funds for the purpose of economic development, as referenced in ORS 461.512

Oregon County Expenditure of State Lottery Funds
List View   (browsing data)

Table View   (downloading data)
The Oregon Lottery also maintains a database to track the funds that are alloted through grants to counties, and how the funds are expended. For more information review How Lottery Funds are Allocated & Reports by County.


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