{
 "culture": "en-US",
 "name": "",
 "guid": "",
 "catalogPath": "",
 "snippet": "The City's public/private partnership program provides three to five year property tax abatement on new investments, in exchange for meeting job creation and other business creation requirements.",
 "description": "<DIV STYLE=\"text-align:Left;\"><DIV><DIV><P><SPAN><SPAN>Enterprise Zones are a development tool to incent industrial development, creating higher wage jobs and higher capital investments within the zone boundary. <\/SPAN><\/SPAN><\/P><P STYLE=\"font-weight:bold;\"><SPAN><SPAN>State requirements<\/SPAN><\/SPAN><\/P><P><SPAN><SPAN>To receive Enterprise Zone benefits, an eligible business must meet these requirements: <\/SPAN><\/SPAN><\/P><UL STYLE=\"margin:0 0 0 0;padding:0 0 0 0;\"><LI><P><SPAN><SPAN>Job creation: Existing companies located in the Metro area must increase permanent full-time employment by 10%; companies outside the Metro area must create at least one new full time job to qualify (except for special-case local sponsor waivers for investments over $25 million or 10% productivity increase for existing companies located in the Gresham zone). <\/SPAN><\/SPAN><\/P><\/LI><LI><P><SPAN><SPAN>No concurrent job losses more than 30 miles from the zone. <\/SPAN><\/SPAN><\/P><\/LI><LI><P><SPAN><SPAN>Maintain employment levels during exemption period. <\/SPAN><\/SPAN><\/P><\/LI><LI><P><SPAN><SPAN>Enter into first-source agreement with local job training providers. <\/SPAN><\/SPAN><\/P><\/LI><LI><P><SPAN><SPAN>Satisfy any additional local conditions.<\/SPAN><\/SPAN><\/P><\/LI><\/UL><P STYLE=\"font-weight:bold;\"><SPAN><SPAN>Gresham's requirements<\/SPAN><\/SPAN><\/P><P><SPAN><SPAN>In addition to state requirements, the City requires:<\/SPAN><\/SPAN><\/P><UL STYLE=\"margin:0 0 0 0;padding:0 0 0 0;\"><LI><P><SPAN><SPAN>A minimum $1 million investment to be eligible for the Enterprise Zone program. <\/SPAN><\/SPAN><\/P><\/LI><LI><P><SPAN><SPAN>For companies requesting an extended abatement of five years, an additional 5% community service fee will be assessed if the minimum $1 million investment is not met after three years. <\/SPAN><\/SPAN><\/P><\/LI><LI><P><SPAN><SPAN>A procurement plan to increase purchasing with Gresham companies.<\/SPAN><\/SPAN><\/P><\/LI><\/UL><P><SPAN>Update September 2017 addition of tax lot R943341600<\/SPAN><\/P><\/DIV><\/DIV><\/DIV>",
 "summary": "The City's public/private partnership program provides three to five year property tax abatement on new investments, in exchange for meeting job creation and other business creation requirements.",
 "title": "Enterprise Zone",
 "tags": [
  "enterprise",
  "property tax",
  "investment",
  "industrial"
 ],
 "type": "",
 "typeKeywords": [],
 "thumbnail": "",
 "url": "",
 "minScale": 150000000,
 "maxScale": 5000,
 "spatialReference": "",
 "accessInformation": "Gresham GIS Team",
 "licenseInfo": ""
}