Name: New Industries Grant

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Description: <DIV STYLE="text-align:Left;"><DIV><DIV><P><SPAN><SPAN>The New Industries Grant provides an incentive to industrial companies to make capital investment and create quality jobs in the Rockwood-West Gresham Urban Renewal Area (URA).</SPAN></SPAN></P><P><SPAN><SPAN>The grant amount is determined through a variety of factors, including the level of capital investment and number of new jobs created.</SPAN></SPAN></P><P STYLE="font-weight:bold;"><SPAN><SPAN>Eligibility</SPAN></SPAN></P><P><SPAN>Grants support manufacturing, high-technology, or similar industrial and light-industrial projects locating or expanding in the URA. A minimum of $500,000 in new capital investment is required.</SPAN></P><P><SPAN><SPAN>Improvements may include:</SPAN></SPAN></P><UL STYLE="margin:0 0 0 0;padding:0 0 0 0;"><LI><P><SPAN><SPAN>New construction. </SPAN></SPAN></P></LI><LI><P><SPAN><SPAN>Machinery and equipment. </SPAN></SPAN></P></LI><LI><P><SPAN>Major renovation and tenant improvements that increase the assessed value of the property.</SPAN></P></LI></UL></DIV></DIV></DIV>

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