POPULATION: 3,930,065 (2013)
LABOR FORCE: 1,972,660 (September 2014)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES:High technology, agriculture, wood products
EXPANDING INDUSTRIES: Food processing, aerospace, high-tech/semiconductors, software, biomedical technology, outdoor gear, transportation equipment, primary and fabricated metals
COLLEGE GRADUATES: (Age 25 and over) 29.2% ( 2012)
BASIC BUSINESS TAXES:
Corporate Excise Tax: 6.6 percent on net Oregon income of corporations doing business in the state; 7.6 percent on taxable income over $1 million
Sales and Use Tax: None
Property Tax: Privately owned real estate and personal property used to produce income are subject to tax by local taxing districts such as schools, cities, and counties. Statewide property tax limitation of approximately 1.5 percent of real market value. Annual increases are limited to 3 percent. Abatement programs often available to expanding businesses.
BUSINESS INCENTIVES:
Enterprise zones (property tax exemption)
E-commerce zones (property tax exemption)
Business Expansion Program (forgivable loan)
Oregon Investment Advantage (income tax exemption)
Strategic Investment Program (property tax exemption)
Industrial Development Bond Program
Oregon Business Development Fund Loan
Oregon Entrepreneurial Development Loan Fund
Oregon Capital Access Program (loan guarantee)
Oregon Credit Enhancement Fund (loan guarantee)
Commercial properties under construction property tax exemption
Research Tax Credit
Oregon Port Revolving Loan Fund
Foreign-trade zones
Food-processing equipment exemption