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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>

State requirements<\/SPAN><\/SPAN><\/P>

To receive Enterprise Zone benefits, an eligible business must meet these requirements: <\/SPAN><\/SPAN><\/P>

  • 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>

  • No concurrent job losses more than 30 miles from the zone. <\/SPAN><\/SPAN><\/P><\/LI>

  • Maintain employment levels during exemption period. <\/SPAN><\/SPAN><\/P><\/LI>

  • Enter into first-source agreement with local job training providers. <\/SPAN><\/SPAN><\/P><\/LI>

  • Satisfy any additional local conditions.<\/SPAN><\/SPAN><\/P><\/LI><\/UL>

    Gresham's requirements<\/SPAN><\/SPAN><\/P>

    In addition to state requirements, the City requires:<\/SPAN><\/SPAN><\/P>

    • A minimum $1 million investment to be eligible for the Enterprise Zone program. <\/SPAN><\/SPAN><\/P><\/LI>

    • 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>

    • A procurement plan to increase purchasing with Gresham companies.<\/SPAN><\/SPAN><\/P><\/LI><\/UL>

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