Since 2010 the City of Stayton has sponsored an Oregon Enterprise Zone that covers the City's industrial zones. The North Santiam Enterprise Zone was re-designated by the City in 2021.
The
Enterprise Zone provides a short term (three to five years) exemption from
property taxes on improvements to qualified businesses that increase
employment in the zone. Since inception of the North Santiam Enterprise Zone, there have been three business expansions approved for tax exemptions, Littau Harvester for an estimated value of $575,000 in improvements with 9 new jobs; Willamette Valley Lumber for an estimated value of improvements of $1,560,000 with 35 new jobs; and Redbuilt, LLC for an estimated value of improvements of $2.8 million with 14 new jobs.
In order to qualify for the basic, three year Enterprise Zone exemption (“as–of–right”), a business must be a "traded sector" business and must:
- Increase full-time, permanent employment of the firm inside the enterprise zone by the greater of one new job or 10%
- Generally have no concurrent job losses outside/beyond the zone boundary
- Maintain minimum employment levels during exemption period
- Enter into first-source agreement with local job training providers
An Extended Abatement, of four or five years, may be available. The requirements for the Extended Abatement are the same as three year, plus . . .
-
“Compensation” of new workers at 150 percent of the Marion County average wage
- Local approval by written agreement with the City
Below you will find downloadable information for the North Santiam Enterprise Zone and other
materials about Enterprise Zones. More detailed information can be
found on the Business Oregon website.
The
City of Stayton has made arrangements with the Strategic Enterprise
Development Corporation in Salem to assist in the management of the
Enterprise Zone. Businesses can receive assistance in completing the
paperwork to qualify and receive the tax exemptions by contacting SEDCOR.
For additional information regarding the North Santiam Enterprise Zone, contact Jennifer Siciliano, Community & Economic Development Director.