American British Business 2006/7

ABB 2006/7 | State Profiles | Western region | Oregon

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Oregon

Many communities have discovered that traditional approaches to planning and development can lead to congestion, sprawl, pollution and resource over consumption. Sustainable development as promoted in Oregon, on the other hand, provides a framework by which communities can use resources responsibly, create efficient infrastructures, protect and enhance quality of life, and create new businesses to strengthen their economies. It can help us create healthy communities that can sustain our generation, as well as those that follow us.

World Trade Center – Portland, Oregon

The state of Oregon and its localities have developed a variety of ways to deliver cost savings to firms investing or doing business here. These come in three types:

One: our favourable business climate in terms of taxation and commonly required expenses, such as workers’ compensation insurance
Two: new property can be exempt from local taxation, including enterprise zones and the newly-modified Strategic Investment Program (SIP)
Three: there are a number of programmes to reduce state taxes levied on your Oregon-based income

The Oregon Economic and Community Development Department has embarked on a cluster-based strategy as a basis to promote economic development in the state.

This effort, involving an alliance of public, business and not-for-profit entities, has two primary aims:

(1) develop a comprehensive understanding of traded industry clusters that are important sources of innovation, entrepreneurship and employment growth in the state

(2) develop a set of policy initiatives to promote collaboration among businesses, facilitate the development of public-private partnerships and create effective incentives to support the growth of traded industry clusters

For more information, contact:
The Oregon Economic and Community Development
Department
775 Summer St., NE, Suite 200
Salem, OR 97301-1280
Tel: +1 503 986 0050
Fax: +1 503 581 5115
E-mail: brand.oregon@state.or.us
Website: www.oregon.gov

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