Facebook asks for tax exemption

| Print |  Email
Must Reads
Friday, January 20, 2012

A lobbyist for Facebook told the Oregon Legislature that the company requires property tax exemption for its Prineville data center if it is to stay in Oregon.

In testimony before a panel of lawmakers, a lobbyist for the giant social media company said the Legislature should pass a law that exempts the data center from property taxes assessed by the state because it was promised 15 years of tax breaks. 
Facebook invested heavily in the data center, which stores pages for millions of users of the popular photo- and comment-sharing site, said Corey Owens, who manages state and local policy for the company. The payoff has been dozens of jobs and the potential for more, he said. 
"At that level of investment, we need certainty" on property taxes, Owens said.

Read more at OregonLive.com.

{biztweet}oregon facebook{/biztweet}

 

More Articles

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

Dan and Louis Oyster Bar opens up to a changing neighborhood

The Latest
Thursday, December 11, 2014
121114-oystervidBy MEGHAN NOLT

VIDEO: Revamping a Classic — an iconic eatery stays relevant in a changing marketplace.


Read more...

Raising the Stakes

February 2015
Monday, January 26, 2015
BY LINDA BAKER

The 2014 Bend Venture Conference set a record for the most cash, investments and prizes awarded at an angel conference in the Pacific Northwest. Investments in the six winning companies exceeded $1 million. The 11th annual conference was hosted by Economic Development of Central Oregon.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...

The short list: 4 companies engaged in a battle of the paddles

The Latest
Thursday, December 04, 2014
pingpongthumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Nothing says startup culture like a ping pong table in the office, lounge or lobby.


Read more...

Transportation Fairness Alliance holds demonstration in Pioneer Square

The Latest
Wednesday, January 14, 2015
IMG 3367BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Portland's cab companies urged city hall for consideration as officials weigh new rules for Uber and other ridesharing companies.


Read more...

Corner Office: Timothy Mitchell

January-Powerbook 2015
Saturday, December 13, 2014

A look-in on the life of Norris & Stevens' president, plus an abridged Powerlist for the best commercial real estate firms.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS