The Hillsboro Enterprise Zone (E-zone) tax exemption program is offered at most industrial sites in Hillsboro for qualified applicants. Exemption is 100% on new capital assets including facilities and equipment. To date, ten Hillsboro companies have been approved for enterprise zone benefits, creating over 1,300 new jobs with an estimated total investment of $650 million.
Additionally, the City offers an Electronic Commerce (E-Commerce) Zone Program to qualifiying businesses within the E-zone boundary, which provides additional tax incentives for comapnies who conduct business primarily through electronic means.
Strategic Investment Program
The Strategic Investment Program (SIP) exempts a portion of large capital investments from property taxes. The program is available statewide for projects developed by "traded-sector" businesses, most often used for manufacturing firms. "Traded sector" is defined in Oregon law as "industries in which member firms sell their goods or services into markets for which national or international competition exists."
Depending on the investment size, the Strategic Investment Program can offer exceptional benefits in terms of net present value.