Sponsored by George Fox University
Home Must Reads Oregon reins in energy tax credits

Oregon reins in energy tax credits

| Print |  Email
Must Reads
Monday, June 25, 2012

Clean energy companies in Oregon are finding lawmakers more reluctant to give them tax credits.

Tax credits for clean energy companies ballooned from about $100 million in 2006 to more than $300 million in 2010, according to Legislative Revenue Office figures.

That prompted lawmakers facing troubled budgets to rein in the credits, The Bend Bulletin reported Sunday.

From 2005 to 2009, Bend fuel-cell maker IdaTech tapped Oregon’s Business Energy Tax Credits program eight times, securing $10.7 million in tax credits for research and development. But when the company asked for an additional $5 million in 2010, the state balked.

BETC was revamped last year, with caps on the amount of money that could be spent and stricter job-creation requirements for companies that apply for credits.

Officials with some Central Oregon energy companies said they might not be around to keep developing new technology if not for the state and federal support they’ve received.

 

Read more in today's Statesman Journal.

 

More Articles

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY 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.


Read more...

Blips and trends in the housing market

News
Thursday, June 26, 2014
062614 thumb realestateBY ERIC FRUTS | OB BLOGGER

Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?


Read more...

Updated: Disrupting innovation

News
Tuesday, July 08, 2014
070814 thumb disputive-innovationBY LINDA BAKER  | OB EDITOR

The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation  — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment. 

Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...

Portland: Where young people go to work?

News
Friday, June 06, 2014
UntitledBY KATIE AUSBURGER | OB GUEST CONTRIBUTOR

How to build a hipster-friendly work environment.


Read more...

OB Video: Building trade ties with the EU

News
Monday, June 16, 2014
BritEmbCampionBY KIM MOORE | OB RESEARCH EDITOR

The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.


Read more...

Creating a culture of compliance

Business tips
Thursday, June 19, 2014
DataBY MONICA ENAND | GUEST CONTRIBUTOR

Nine tips for building habits among employees to respond when needed.


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