Hermiston Enterprise Zone Attracts 240 Jobs

Release Date: 

Companies taking advantage of the Hermiston Enterprise Zone property tax abatement program have created nearly 240 full time jobs between 2009 and 2012.  The new jobs carry a total new payroll of nearly $6.6 million.  New projects approved in 2013 are also set to generate at least another $1.3 million in new payroll.  That’s new money that likely wouldn’t be flowing through the Hermiston economy without the tax incentive offered by the City of Hermiston, Umatilla County, and Business Oregon.

The Enterprise Zone is an incentive aimed at attracting new development to the area by offering tax abatement on new buildings, machinery and equipment for businesses like shippers, manufacturers, and processors which grow employment in the area.  The two companies currently using the incentive have combined property values of $63.1 million.  Investments of that size put a lot of consideration into ongoing costs associated with property taxes when deciding where to locate their operations.  Hermiston’s Enterprise Zone helps make that decision easier by offering 3-5 year exemptions to qualifying businesses.

The Enterprise Zone has been vital in not only attracting new jobs to Hermiston, but high salary family-wage jobs.  Companies which pay new workers more than 150% of the average annual wage in Umatilla County can qualify for the full 5-year exemption.  Since 2009, one company claiming a Hermiston Enterprise Zone exemption has added 29.5 full time equivalent jobs with an average annual compensation of $75,545, or more than 200% of the average annual wage for the county.  The latest firm to be granted a Hermiston Enterprise Zone exemption broke ground in early 2013, and is committed to bringing on at least 25 new full time jobs which pay more than $51,839 per year.

View the Hermiston Enterprise Zone Manager's Annual Report HERE.


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