Oregon Business Resource
The Oregon Business Resource page offers small businesses valuable information on state programs aimed at helping them thrive. For instance, the “Building Opportunities for Oregon Small Business Today” (BOOST) Fund offers loans and grants to promising small businesses in the state. The program focuses on companies with under 100 employees in the manufacturing, processing, and distribution industries and offers grants of up to $2,500 per job created (or trained).
Oregon also offers small businesses access to financing through the “Entrepreneurial Development Loan Fund.” The Fund provides loans of up to $50,000 to businesses that may have been turned down by traditional lenders.
The “Standard Enterprise Zones” program offers businesses that locate or expand in one of the state’s enterprise zones an exemption from certain property taxes for up to five years. These exemptions can be coupled with additional tax breaks provided for creating jobs in rural areas, or in the e-commerce industry.
The “Oregon Investment Advantage” gives job-creating businesses a ten-year income tax exemption. In addition, companies that locate in one of the almost 90 eligible communities can receive a ten-year waiver on excise taxes.
Small businesses in Oregon’s manufacturing sector can benefit from the “Strategic Investment Program.” The Program provides resources benefitting firms located in targeted areas through property tax exemptions on large capital investments. The tax exemptions serve as an Oregon business resource to help manufacturers add equipment, modernize production, and create jobs.