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

Up on the Roof

September 2015
Wednesday, August 19, 2015
BY LINDA BAKER

In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction. 


Read more...

Balancing Act

July/August 2015
Friday, July 10, 2015
BY DAN COOK

The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.


Read more...

Preserving the Legacy

July/August 2015
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN

A New York floral and gift business takes on the iconic Harry & David brand.


Read more...

Storyteller in Chief: Power Player

September 2015
Wednesday, August 19, 2015
BY LINDA WESTON

In 1996, after a 17-year career in the destination marketing industry, where I gained national standing as the CEO of the Convention & Visitors Association of Lane County, I was recruited by the founders of a new professional basketball league for women. The American Basketball League (ABL) hoped to leverage the success of the 1996 USA women’s national team at the Atlanta Olympics — much like USA Soccer is now leveraging the U.S. Women’s National Team’s victory in the World Cup. The ABL wanted a team in Portland, and they wanted me to be its general manager.


Read more...

Baby. Boom!

September 2015
Wednesday, August 26, 2015
BY LINDA BAKER

A new co-working model disrupts office sharing, child care and work-life balance as we know it.


Read more...

Downtime with Jill Nelson

September 2015
Wednesday, August 19, 2015
BY JACOB PALMER

Live, Work, Play wit the CEO of Ruby Receptionists.


Read more...

The 10 most successful crowdfunding campaigns in Oregon

The Latest
Wednesday, August 19, 2015
081915-crowdfundingmainBY JACOB PALMER | DIGITAL NEWS EDITOR

One of the hottest new investment trends has proven quite lucrative for some companies.


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