Oregon businesses get big incentives

Oregon businesses get big incentives

A New York Times search tool says that Oregon awards businesses more than $865 million each year in tax breaks and incentives.

That amounts to $226 per Oregonian, or 12 cents of each dollar in the state budget, according to the database. (There is no nationwide accounting of business incentives in the United States, so The New York Times said it compiled a database over the span of 10 months.)

Marc Zolton, spokesman for Business Oregon, took issue with the Oregon figures in the database.

“We don’t know the source of their data,” he said. “We did not give them any project-­by-project data.”

He said it appears that The New York Times report included a $43.8 million loan and tax credit to solar company Solexant, but that project never got off the ground.

Read more at The Register-Guard.

{biztweet}oregon business{/biztweet}