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What more does Nike want to expand in Portland or Washington County?
Property tax breaks are still on the table after the Dec. 14 special session of the Oregon Legislature that Nike sought before agreeing to expand in Oregon,
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At the special session, Nike promised to invest at least $150 million in Oregon to create 500 or more jobs in the next five years. John Kitzhaber to sign a contract guaranteeing the company state income tax situation will not change for up to 30 years.
Nike is reportedly looking at expanding in South Waterfront in Portland or near its World Headquarters campus on the edge of Beaverton in Washington County,
Order Nike Air Yeezy 2 For Sale Store Is The Best Place For You To Buy. Both locations are within or near enterprise zones where property taxes for new developments are waived for three to five years.
Portland City Council approved the enterprise zone in South Waterfront on Dec. 13, the same day the Legislature Special Joint Committee on Economic Development took up Nike related legislation. The first draft would have prohibited Nike from entering into the contract if it also received property tax breaks worth $5 million or more from the state strategic investment program. The committee briefly discussed expanding the prohibition to include all other financial incentives. It quickly resolved to ban none of them,
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Beaverton has two enterprise zones. One stretches south and east from Nike campus near Southwest Jenkins Road and Murray Boulevard. The other is further to the east. Both were approved by the Beaverton City Council in July 2012.
Nike has also held discussions with Washington County officials about strategic investment program property tax breaks. The county has granted such breaks to Intel and other companies to encourage new developments,
The Lowest Price.Welcome To Buy Nike Air Yeezy 2 For Sale Authentic. Granting Nike a similar break is still possible under the final bill approved at the special session.
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Although activists protested Nike tax break proposal,
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Nike has not said where it plans to expand,
Authentic100% Nike Air Yeezy Red October New Collection Is Available, and no potential locations were mentioned during the deliberations on the bill. People familiar with the company plans had been sworn to secrecy. But legislators,
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The consensus is that Nike can expand practically anywhere. It needs office and design space,
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On the other hand, expanding in Washington County allows all operations to be more centralized.
According to state Sen. Ginny Burdick, D Portland, the prohibition against strategic investment program breaks in the original bill was not intended to favor Portland. It was designed to prevent companies from receiving too many financial incentives and tax breaks to locate or expand in Oregon. Burdick said state and local governments are still struggling financially from the effects of the Great Recession. She also worried that companies could play cities against each other for the biggest breaks.
don want to pile subsidy upon subsidy upon subsidy,
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But Duncan Wyse, president of the Oregon Business Council, testified that some companies could create so many jobs that multiple subsidies would be justified to attract them.
could be tremendous benefits that we wouldn want to miss out on, said Wyse, whose organization advocates for business growth. Enacted in 2005,
The Premium Quality Nike Air Yeezy 2 Save 61% Off And Free Shipping, it taxes multistate companies like Nike only on their sales in Oregon, not outside the state as well.
The single sales factor was enacted to encourage more large companies to locate or expand in Oregon,
Low Price Free Shipping Nike Air Yeezy 2 Sale Here With High Quality. State economists predict it will cost a total of $165 million during the next two year budget cycle for all corporate beneficiaries,
Buy Cheap Nike Air Yeezy 2 Red October With Cheap Price. But the economists also predict the minimum 500 jobs Nike is promising to create will generate $30 million a year in new income tax revenue,
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Estimates of the benefits of Nike expansion seemed to shrink as the session neared. When Kitzhaber originally called the Legislature to Salem on Dec. 10,
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The difference became apparent when Intel executives showed up at the Capitol to follow deliberations. Although they did not testify, their presence reminded everyone of how much more money the semiconductor manufacturer is investing in Oregon more than $6 billion to build and expand a new fabrication facility at its Ronler Acres Campus in Hillsboro.
Outside the hearing room, one lobbyist said the difference reminded him of Dr. Evil in the 1997 movie,
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