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Nike now must choose where to build in Oregon

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Must Reads
Monday, December 17, 2012

Nike is actively exploring at least two locations for an upcoming expansion. They include a waterfront site near downtown Portland and a site near the company's Beaverton headquarters.

The company's path to construction, perhaps breaking ground as early as April, is clearer because of last week's special legislative session.

The lawmakers' Nike-specific bill allows Gov. John Kitzhaber to enter into a contract with the company (and others, potentially, that promise major investments in the state) to lock in the "single-sales factor" taxing method for up to 30 years. Under Oregon tax policy, multistate corporations such as Nike and Intel are taxed only on sales within the state.

Read more at OregonLive.com.

{biztweet}nike oregon{/biztweet}

 

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