To encourage the creation of new industrial and manufacturing jobs for the community, Salem participates in the Oregon Enterprise Zone program. Salem businesses located within the Enterprise Zone boundary receive eligible tax credits as incentive to grow and expand.

Property Tax Exemption

A three to five year property tax exemption is available to qualified firms within the Enterprise Zone boundary. The exemption is available for traded sector employers adding new jobs and private investment within the Enterprise Zone boundary.

Eligibility Qualifications Include:

• Firms must be located in the boundaries of the Enterprise Zone
• Only new facilities or improvements not yet on the tax roll are eligible for this tax incentive

Required Outcomes Include:

• New companies must create at least one new job and invest at least $50,000
• Existing companies must expand employment by at least 10% in the first year and invest at least $50,000

To Apply

• Click the Enterprise Zone map and enter your address to see if your business is located in the Enterprise Zone
• Contact the Strategic Economic Development Corporation (SEDCOR) to apply

Electronic Commerce Zone

Salem's Enterprise Zone is designated an Electronic Commerce Zone, a special status to further encourage electronic commerce (or e-commerce) investments. Businesses engaged in electronic commerce, those engaging predominately in transactions via the internet or an internet-based platform. Businesses located in an e-commerce zone are eligible for a standard three-year property tax abatement. Newly installed machinery and equipment can also qualify.

To Apply

• Click the Enterprise Zone map and enter your address to see if your business is located in the Electronic Commerce Zone
• Contact the Strategic Economic Development Corporation (SEDCOR) to apply

Additional Information

Salem sponsors the Enterprise Zone and it is managed by SEDCOR (Strategic Economic Development Corporation).

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