Yes Corvallis

Success Stories

Oregon State University Wins Grant for Textile Manufacturing Innovation

The Walmart Foundation and the U.S. Conference of Mayors today announced Oregon State University as one of this year’s U.S. Manufacturing Innovation Fund grant recipients for the school’s innovation in improving textile weaving efficiency. Oregon…

Inpria Named a Finalist for OEN Tom Holce Entrepreneurship Awards

Inpria Named a Finalist for OEN Tom Holce Entrepreneurship Awards

The Oregon Entrepreneurs Network (OEN) is pleased to announce 12 finalists—from a record number of 67 nominees—for the 2014 OEN Tom Holce Entrepreneurship Awards. The OEN Tom Holce Entrepreneurship Awards honors the skill, and the…

Inpria raises another $1.5 million from OAF

Inpria raises another $1.5 million from OAF

Inpria, one of the first of now 40 ONAMI Gap Fund startup companies, has just announced that it's raised $1.45 million from the Oregon Angel Fund. OAF is a collection of local investors backing early-stage…

Entreprenuer Profiles

The 8 Best Cities for Young Entrepreneurs

Article by Ben Johnson via Fundera Ledger Bill Gates, Mark Zuckerberg, Steve Jobs. What do these three entrepreneurs have in common? They all started their business before the age of 25! There’s never been a…

OSU Professor Develops Drug to Treat Ebola

OSU Professor Develops Drug to Treat Ebola

A drug developed by an Oregon State University scientist may be used to treat patients infected with the Ebola virus. The drug, manufactured by Sarepta Therapeutics in Cambridge, Mass., had promising results in clinical trials…

Enterprise Zones

The city of Corvallis has three Enterprise Zones that offer incentives and economic advantages to business locating in Corvallis, Oregon.

Defer Taxes with Oregon Enterprise Zones

The City of Corvallis has three Enterprise Zones: South Corvallis, Sunset Research Park, and the Hewlett-Packard campus, targeting manufacturing and industrial businesses. CorvallisEnterprisezone copy

About Oregon Enterprise Zones

Link to State Enterprise Zone Incentives Information An enterprise zone exempts new property from tax assessments that a job-creating busine ss might build or install in the enterprise zone. Also, an enterprise zone exemption is temporary, usually lasting only three years, after which the property induced by these incentives is available for assessment.  An extension to four or five years in total is possible in some cases. For rather exceptional investments, longer-term incentives might be available in a rural enterprise zone, but only if Benton County meets certain economic criteria; these longer-term incentives also may include a state tax credit, which triggers annual payments to local taxing districts by the state government. Both the extension and the long-term incentives need approval from the City of Corvallis and Benton County, which sponsor the Benton/Corvallis Enterprise Zone. Finally, none of these property tax exemptions would be available to just any business. Most commercial or retail operations would not be eligible. Rather, the primary beneficiaries of enterprise zone benefits are manufacturing or other more-industrially oriented facilities serving other businesses. Links to the Enterprize Zone maps and an application are available below: South Corvallis Enterprise Zone Map Enterprize Zone Map (all) Application for Enterprise Zone Designation For more information about the Enterprise Zone, please contact Economic Development Manager Tom Nelson at 541-766-6339.