Cascade Locks-Hood River Enterprise Zone

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Considering locating or expanding your business in Hood River County? Contact MCEDD at 541-296-2266 to discuss your project and potential incentives through the Cascade Locks-Hood River Enterprise Zone. The Enterprise Zone incentivizes certain business investments through exemption of property taxes normally assessed on new plant and equipment.

  • Standard: Three consecutive years of full relief from property taxes on qualified property, after it is in service.
  • Construction-in-Process Exemption: Up to two years before qualified property is placed in service
  • Extended Abatement: Up to five consecutive years of relief from property taxes on qualified property, after it is in service. See below for further detail on the requirements for extended abatement.
  • Long Term (see the state website for information)

 

Requesting Exemption

IMPORTANT! Before any construction or installation activities begin, you must submit an application for authorization.
Submit completed form to:
Mid-Columbia Economic Development District
515 East Second Street
The Dalles, OR 97058

email: Eric Nerdin
fax: (541) 296-3283

Eligible Businesses

Eligible businesses include manufacturers, processors, shippers and a variety of operations that serve other organizations, as well as call centers and headquarter-type facilities. Hotel/resort businesses are eligible in the Cascade Locks-Hood River Enterprise Zone. Retail, construction, financial and certain other defined activities are ineligible.

 

Criteria for Standard Abatement (three years)

For the basic, three-year enterprise zone exemption period, the business needs to:

  • Increase full-time, permanent employment of the firm inside the enterprise zone by the greater of one new job or 10% and maintain minimum employment level during the exemption period;
  • Have no concurrent job losses outside the zone boundary inside Oregon;
  • Enter into a first-source agreement with local job training providers.

 

Criteria for Extended Abatement (four or five years)

An eligible business must meet the criteria listed for the standard abatement in addition to the following:

  • Compensation of new workers must be at or above 150% of the county average wage.
  • There must be local approval by written agreement with the local zone sponsor.
  • The business must meet any additional requirements that the local zone sponsor may reasonably request.

 

Resources and Forms:

 

 

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last updated: May 22, 2015
All contents of this site are copyright © 2005 MCEDD, unless otherwise noted.
Contact MCEDD for more information:
515 East Second Street • The Dalles, OR 97058
 phone: (541) 296-2266  • fax: (541) 296-3283