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|Articles - March 2011|
|Wednesday, March 02, 2011|
Oregon offers tax credits to e-commerce businesses, movie producers, rural physicians and homeowners who buy wood pellet stoves. But a proposal to attack stubbornly high unemployment rates by providing incentives to people who create new jobs is gaining little bipartisan support in Salem.
House Bill 3053 would offer qualifying employers a $3,000 tax credit for each job created. The new employee would need to be previously unemployed and remain in the job for at least a year. Employers must prove they have been doing business in Oregon for at least two years and that the new hire is resulting in a net increase in jobs at the company.
“It makes common sense,” says Rep. Kevin Cameron (R-Salem). “It doesn’t cost the state a dime until someone gets hired. These are real people on the ground, going to work tomorrow, who are going to pay income taxes.”
Republican lawmakers are pushing the tax credits as part of a multi-pronged strategy to make the state friendlier to business. Cameron says he has received significant support for the idea from business owners. “I’ve heard from many people who are struggling or just hanging on and are waiting for that extra little incentive that will get them to hire someone.”
Democratic Senate president Peter Courtney has voiced support for direct incentives for job creation in the past. But few of his party colleagues have voiced support for HB 3053 this year. Rep Tobias Read (D-Beaverton), co-chair of the transportation and economic development committee, says the program would be ripe for abuse. “The problem is, you can’t ever tell whether you are unnecessarily subsidizing something that would have happened anyhow.”
Read says Democrats are taking a cautious approach to tax credits given the challenge of simply providing basic services. “Every dollar we authorize in tax credits is a dollar that we don’t spend on education,” says Read.
A recent state report examines a dizzying assortment of tax credits including a biomass tax credit that is costing the state $14.6 million in the current biennium, a tax break for people who donate to the Trust for Cultural Development ($7.2 million) and the mother of them all, the business energy tax credit ($185 million). At $3,000 per job, $185 million would equate to 61,667 jobs.
Wednesday, June 24, 2015
One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia's landlord.
Thursday, June 11, 2015
In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.
Tuesday, June 23, 2015
Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.
Monday, July 13, 2015
BY SAM BLACKMAN
Storyteller-in-chief with the CEO and co-founder of Elemental Technologies.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
Monday, July 06, 2015
Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.
Thursday, July 09, 2015
The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger. About 80,000 people attended despite temperatures in the upper 90s.
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Court experience helps legal firm anticipate potential problems for clients and prevent expensive litigation.
When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.