Business Incentives

McMinnville has programs and organizations that can help businesses locate or expand in our region. The State of Oregon also offers incentives for business grants, tax incentives, expansion programs, and more. Learn what incentives are available and how to qualify. 

 MIP works with a contractor to discuss land opportunitiesMcMinnville Industrial Promotions discuss land options for a shovel ready site in McMinnville


Programs in McMinnville

McMinnville Industrial Promotions

McMinnville Industrial Promotions (MIP) is a group of long-time community members and business leaders who help newcomers and existing businesses access facilities, permits, and professional services. MIP currently owns a number of buildings and properties within the McMinnville city limits that are ready to lease, purchase, or build-to-suit. The MIP Board of Directors services are free of charge. MIP works with manufacturing businesses to get the groundwork done. They help make sites shovel ready, conduct environmental studies, arrange for utility hook-up, and more. 

To learn more or to connect with MIP, please email info@mcminnvilleindustry.com

On-the-Job Training

On-the-Job Training Program helps companies and organizations hire and train new and current employees. The program reimburses companies for the hours committed to training employees while on-the-job. The program is open to private businesses and nonprofit entities.

To see if your business qualifies for the On-the-Job Training Program, contact: 

Karen Cook
Business Services Consultant, WorkSource Oregon
503.400.2913
kcook@worksource-oregon.com

The On-the-Job Training program is funded by Incite, Inc.; our regional workforce board, and is run by WorkSource Oregon

Urban Renewal Area

McMinnville's Urban Renewal area is part of a statewide program in which a concentrated use of tax revenues can be used to enhance an area of a city. This includes property renovations, street improvements, developing utilities, and more. See properties within McMinnville's Urban Renewal Zone. There are three Urban Renewal Programs in place:

  • Facade Improvement Grant Application - A matching grant program used to improve the aesthetic appearance of the exterior facades of existing buildings/businesses, to restore the unique historic character of building, and to encourage private investment in District properties and businesses. Maximum individual grant is limited to $2,500. 
  • Free Design Assistance Application - "Up to 10 hours or $1,000 of free design assistance from a pre-qualified list of vendors to help with development and redevelopment projects." 
  • Property Assistance Loan Application - "Provide an ongoing source of gap financing for new construction or substantial rehabilitation projects that provide an immediate increase in assessed value and support additional goals" (loans are currently capped at 20% of construction costs, cannot exceed $100,000 and are dependent upon available funding).

Oregon State Incentives

Oregon's tax structure ranks 11th in the U.S. for business friendliness. Oregon also offers globally competitive incentives to help businesses expand, locate, and start. 

Tax Expenses Business Do Not Pay in Oregon

  • General sales tax
  • Use tax on equipment or any other purchase
  • Inventory tax
  • Worldwide unitary tax
  • Motor vehicle excise tax
  • Levies on capital asset tax or intangible properties 

Property Tax Abatement 

State Income Tax Credit

  • Qualified Research Activities Credit - A corporate credit given for increases in qualified research expenses. The research must be conducted in Oregon and be in the fields of advanced computing, advanced materials, biotechnology, electronic device technology, environmental technology, or straw utilization. 
  • More tax credits and information can be found at Oregon Department of Revenue

Other


Renewable Energy Incentives 

  • Solar Development Incentive Program - A cash incentive per kilowatt-hour of electricity generated to owners of photovoltaic energy systems with a nameplate capacity of 2 to10 megawatts.
  • Fee in Lieu of Property Taxes - After forming an agreement with a county (and city), any solar project can choose to pay a fee rather than property taxes for up to 20 years. The fee will equal $7,000 per megawatt of the project's nameplate capacity. 
  • State Energy Loan Program (SELP) - A program that offers competitive fixed interest rate loans for projects that save energy, produce energy from renewable resources, use recycled materials to create products, or use alternative fuels. 
  • Biomass Producer or Collector Tax Credit - The State of Oregon provides tax credits for the production, collection, and transportation of biomass that is used for energy production. 
  • Energy Conservation Tax Credit - A transferable income tax credit which is based on 35% of the business' investment to achieve energy efficiencies. 
  • Alternative Energy Systems (ORS 307.175) - A tax abatement which exempts property equipped with an alternative energy systems from ad valorem property taxation. 

 

“We have about 15 different sites in a number of other states, and McMinnville has immediately felt like home. Everyone has made us feel welcomed from the beginning.”

– Sam Ramierz, Chief Operating Officer, Wings & Waves Waterpark/Steve's Hotel

Looking for more information? Give us a call at 503.550.8504 

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