Sponsored by Oregon Business

Legislature meets to consider Nike tax bill

| Print |  Email
Must Reads
Friday, December 14, 2012

Legislators are gathered to consider a bill providing tax certainty to Nike, which could have as many as 69 amendments.

It would allow the governor and the director of the Department of Revenue to sign a contract with any company planning to make a $150 million, five-year investment with a net employment of 500 full-time jobs. The contract could last from five to 40 years.

Debate over the proposal intensified Thursday at a public hearing of the newly formed economic development special committee. The testimony, at times critical, clouded what was first seen as a slam-dunk win for the sportswear company and Gov. John Kitzhaber.

Read more.

{biztweet}nike tax{/biztweet}

 

Comments   

 
Guest
0 #1 Nike washingsGuest 2012-12-15 16:43:50
The precedent involved in the so called Nike bill changes the basic principles of freedom required by the constitutions of both state and federal laws.
Nike nor anyone else should get treated special and the level of business or employes is not what keeps Oregon going. It is simply the sum of the parts not a bigger slice of the pie that makes up the economy of Oregon and our country.
IF Nike doesn't care about being in Oregon after all the decades of loyal workers and on of the greatest places in the planet to work from then its time for Nike and its employees and stockholders to JUST SHOW US who they really are. The Governor ENABLING Nike in this certain way shows he is weak when we need a strong leader to build more revenue not give it away in a game of don't make me leave Nike washings tactics that are becoming the crying towel of the mega brand globally.
You need balls to play most sports and this game deserves a better serve from our Governor.
Quote | Report to administrator
 

More Articles

100 Best: The Power of the Worker

March 2015
Wednesday, February 25, 2015
BY KIM MOORE | OB RESEARCH EDITOR
AND AMY MILSHTEIN | OB CONTRIBUTOR

Technology is empowering people like never before and transforming how employees interact in the workplace. How can companies attract and keep staff engaged in this rapidly changing world?


Read more...

That's Not a Watch (This Is a Watch)

February 2015
Tuesday, January 27, 2015

Smartwatches are all the rage. But old-fashioned timepieces keep on ticking.


Read more...

Downtime with the executive director of Greater Portland Inc.

April 2015
Thursday, March 26, 2015

Janet LaBar, Executive director, Greater Portland Inc.


Read more...

Footloose

April 2015
Friday, March 27, 2015
BY LINDA BAKER

Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.


Read more...

Beyond Bodegas

April 2015
Friday, March 27, 2015
BY JACOB PALMER

Five years in the making, the Portland Mercado — the city’s first Latino public market — will celebrate its grand opening April 11. A $3.5 million public-private partnership spearheaded by Hacienda CDC, the market will house 15 to 20 businesses in the food, retail and service sectors. It has some big-name funders, including the Paul G. Allen Family Foundation and JPMorgan Chase. The project goals are equally ambitious: to improve cross-cultural understanding, alleviate poverty and spur community economic development. 


Read more...

How Oregon will survive the loss of Hanjin

March 2015
Friday, February 20, 2015
BY JOE CORTRIGHT | OB CONTRIBUTOR

"Shipping containers to Portland is like waiting for a bus that travels once a day."


Read more...

Live, Work, Play: Amen Teter

February 2015
Tuesday, January 27, 2015
BY JACOB PALMER

Catching up with Amen Teter, Portland-based global director of action sports for Octagon Olympics & Action sports talent agency.


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