Economic Incentives & Tax Credits
High impact incentives for small businesses in Oregon
Oregon is the largest softwood lumber producer in the U.S. With 30.5 million acres of forestlands, about 50% of the total landmass of the state is covered in forest. Forestry and Wood Products employment is more concentrated in rural Oregon than any other of our Target Industry Groups. Oregon’s fast-growing economy is fueled by many competitive and emerging industries in a variety of sectors such as Metals and Machinery, Food and Beverages, High Technology, and Bioscience.
Top tax incentive programs for small and medium-sized businesses in Oregon
Oregon Business Expansion Program (BEP)
The Oregon Business Expansion Program (BEP) is a cash-based incentive program based on the estimated increase in income tax revenue as a result of new hires from the expansion or relocation of a project.
Oregon Investment Advantage (OIA)
The Oregon Investment Advantage is a 10-year taxable income exemption for a certified business in eligible locations.
Employer Tax Credit for Agricultural Worker Overtime Pay
Employers paying overtime pay to agricultural workers receive tax credit.
Rural Renewable Energy Development (RRED) Zone
The Rural Renewable Energy Development (RRED) Zone Program offers eligible businesses a tax abatement from local property taxes for a three to five year period.
Strategic Investment Program
The Strategic Investment Program (SIP) offers a 15-year property tax exemption on a portion of large capital investments for projects developed by "traded sector" businesses.
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Get the Tax Money You're Owed in Minutes
Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.