Enterprise Zone Overview
The City of Salem participates in the Oregon Enterprise Zone program to encourage the creation of new industrial and manufacturing jobs for the community. Qualified firms may obtain a three to five year, 100% property tax exemption on new plant and equipment and a 10% rebate of certain building permit fees. An extended four- or five-year property tax exemption is available when additional local requirements are met.
Eligible firms must be located within the boundaries of the Enterprise Zone. The day-to-day management of the Salem Enterprise Zone program is handled by the Strategic Economic Development Corporation "Enterprise Zone" on behalf of the City of Salem. Or visit the Oregon Business Development Department and view the Oregon Enterprise Zone Map.
Electronic Commerce Incentives
The Salem Enterprise Zone has been designated by the Oregon Economic and Community Development Department as an Electronic Commerce Enterprise Zone; businesses engaging in commercial or retail transactions predominately over the Internet or a computer network, transacting business over the Internet, or facilitating the use of the Internet by other persons for business transactions. Firms engaged in electronic commerce may receive a state income tax credit against the firm’s annual State of Oregon income or corporate excise tax liability. The credit is equal to 25% of the firm’s capitalized investment up to $2 million, in operations related to electronic commerce during a given tax year; the tax credit may be carried-over for a five-year period. Investments must be made within the boundary of the Enterprise Zone.
Process to apply and receive investment incentives:
- Contact SEDCOR Chad Freeman at 503-837-1800 or email.
- Complete Enterprise Zone Pre-certification Form
- SEDCOR will contact you with your eligibility
- Application review based on Oregon Enterprise Zone Act and ODR Administration Rules
- After the investment is completed and the employees hired
- Pre-certified business files its tax exemption application with the County Assessor
- January 1 and April 1 of the next year.
Tory Banford, City of Salem