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

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Launch

September 2014
Tuesday, August 26, 2014
BY JESSICA RIDGWAY

September's Launch article features Orchid Health, BuddyUp and Inter-Europe Consulting.


Read more...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


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