The Urban and Rural Strategic Investment Zone provides a compelling business recruitment tool designed to attract large capital intensive traded sector businesses. The program provides consistent criteria and a streamlined approval process.
- 15 year property tax abatements on facilities and equipment to any “traded-sector” business. Examples include production, manufacturing, high tech, among others.
- Applies to large capital investments—$25 million minimum in the rural zone.
- Requires the company to pay a community service fee equal to 25% of the tax savings per year to local public service providers to offset community impacts. The community service fee is capped at an annual maximum of $500,000 in rural areas such as Estacada.
For more information, or to apply, please contact:
Business & Economic Development – Clackamas County
Cindy Moore, Enterprise Zone Manager,
Community Development Department
Zoning & Planning