Sponsored by Oregon Business

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

The Cover Story

Linda Baker
Thursday, August 27, 2015
01-cover-0915-thumbBY LINDA BAKER

How do you put a baby on the cover of a business magazine without it looking too cutesy?


Child care challenge

September 2015
Wednesday, August 26, 2015
0927OHSUhealthystarts-thumbBY KIM MOORE AND LINDA BAKER

Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.


The God complex

Linda Baker
Wednesday, September 30, 2015
093015-zydellren-thumbBY LINDA BAKER | EDITOR

The media coverage about Pope Francis must have put me in a Biblical frame of mind. Because after touring the latest phase of the South Waterfront development, a mind boggling 1.5 million square feet of office and retail space that will spring up north of the aerial tram over the next few years, I couldn’t stop thinking about the massive project as a modern day creation story.


Run, Nick, Run

October 2015
Monday, September 28, 2015

Controversial track star Nick Symmonds is leveraging his celebrity to grow a performance chewing-gum brand. Fans hail his marketing ploys as genius. Critics dub them shameless.


Big Geek

October 2015
Monday, September 28, 2015

To attract technology companies, the U.S. Bancorp Tower repositions itself as open, light and playful.


Counterpoint: CLT not as green as people think

Contributed Blogs
Wednesday, September 16, 2015
photo-flickr-glasseyes viewthymbBY GREGG LEWIS | OP-ED

The issue of green-washing remains a significant challenge to those of us who would like to see the building sector in this country do more than make unverifiable claims of sustainability. Transparency about the impacts of a given material is the only way to allow designers to make intelligent choices when selecting building products.


After the Orange Line

Linda Baker
Tuesday, September 08, 2015
090815-trimet-thumbBY LINDA BAKER

Alan Lehto, TriMet's director of policy & planning, shares a few thoughts on ride sharing and more nimble bus services.

Oregon Business magazinetitle-sponsored-links-02