Enterprise Zone

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, may be eligible to receive state income tax credit against the annual State of Oregon income or corporate excise tax liability.

Companies doing 51% or more of their business via the internet may qualify for up to a 25% income tax credit. The credit is equal to 25% of the firm’s capitalized investment within the Enterprise Zone boundary; up to $2 million in operations related to electronic commerce during a given tax year. The tax credit may be carried over for a five year period.

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)​​.