Enterprise zone program
Enterprise zones are designed to encourage business investment through property tax exemption in designated areas of the county. Locating or expanding into an enterprise zone provides eligible businesses property tax exemption. Exemption applies to new construction and equipment for a period of 3–5 years.
View Enterprise Zone Flier.
Enterprise Zone Maps
Eligible businesses
- Manufacturers
- processors
- shippers
- operations that serve other organizations, such as call centers and headquarter facilities
- hotel/resort businesses in the Sandy Enterprise Zone
- Retail, construction, financial and certain other defined activities are ineligible.
For the standard, 3-year enterprise zone exemption, the business should meet the following criteria:
- Increase full-time, permanent employment by 10%
- Pay employees at least 150% of the State minimum wage ($15.38 per hour for 2018) (benefits can be used to reach this pay level)
- Maintain minimum employment level during the exemption period
- Enter into a first-source agreement with local job training providers
- Pay an application fee of 0.1% of the proposed total investment.
Criteria for the extended tax exemption (for a maximum of a 5-year exemption):
The business should meet the criteria for the three-year enterprise zone exemption as well as the following:
- Compensation of new workers must be at or above 150% of the County average annual wage $74,252 for 2018 (benefits can be used to reach this pay level)
- There must be local approval by written agreement with the local zone sponsor, and
- The company must meet any additional requirements that the local zone sponsor may reasonably request
More Loan and Grant Opportunties
Please contact us at 503-742-4BIZ (4249) for more information.
