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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, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Thursday, August 28, 2014
As summer winds down, we update a few feature stories that appeared in our print publication this past year.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Powerlist: Staffing Firms|
|Taxis Uber Alles?|
|FBI investigates JPMorgan 'cyber-attack'|
|GoPro launches camera dog harnesses|
|Snapchat now worth $10B|
|Tomatoes may lower prostate cancer risk|
|WHO: Ban e-cigarette use indoors|
|Burger King to acquire Tim Hortons for $11.5B|
|Burger King in talks to buy Tim Hortons|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.