Business Oregon has expanded the Jackson County Enterprise Zone to include Ashland, Eagle Point and Talent.
Eligible traded sector businesses — whose products and services are sold outside Oregon — are now able to apply for the short-term property tax exemption via enterprise zone benefits. Eligible businesses can receive the standard three-year exemption for property taxes associated with an expansion which includes at least a 10 percent increase in full time employees.
New eligible businesses locating in the area of the Jackson County Enterprise Zone can apply for property tax benefits with the creation of new, full time jobs and real property investments. Businesses paying annual non-mandatory compensation benefits to new employees equal to 150 percent of Jackson County’s average wage $52,722 can receive an additional two years of property tax relief based on their new real property investments.
Since the formation of the Jackson County Enterprise Zone in 2007 a total of seven traded sector businesses have received approval through the enterprise zone, pledging to create at least 226 new full-time jobs along with investing over $32.3 million in new real property additions.
The original application as approved included commercial and industrial properties in the City of Rogue River, Town of Butte Falls, and in unincorporated Jackson County in areas of White City and the Tolo area west of Central Point.
Companies wishing to apply for Enterprise Zone property tax exemption in either Jackson or Josephine counties should contact SOREDI. An application must be submitted and approved before breaking ground on a project. Further information on enterprise zones is available at http://www.oregon4biz.com/Grow-Your-Business/Business-Tools/Tax-Incentives/Enterprise-Zones/, or by contacting SOREDI at 541-773-8946.
If you’re interested in receiving a contractor’s license a workshop is scheduled Friday, April 12, suring the Southern Oregon Home Show at the Jackson County Expo.
Craig Smith will lead the program for people seeking a license. The meeting is also valid for three continuing education units as well for present licensees.
For information, call 541-773-2872.