2015 Oregon Revised Statutes
Volume : 07 - Public Facilities, Finance
Chapter 285B - Economic Development II
Section 285B.626 - Definitions for ORS 285B.625 to 285B.632.

As used in ORS 285B.625 to 285B.632:

(1) "Compensation" has the meaning given that term pursuant to rules adopted by the Oregon Business Development Department.

(2) "Eligible employer" means an employer that:

(a) Has entered into a contract with a project sponsor to conduct a business in the traded sector industry on a regionally significant industrial site; and

(b) Has hired full-time employees who are residents of this state and whose compensation averages at least 150 percent of the county or state average wage, whichever is less.

(3) "Estimated incremental income tax revenues" means the Oregon personal income tax revenues that are estimated pursuant to ORS 285B.630 to be substantially equivalent to the amount of tax that employees of an eligible employer who are hired after the eligible employer enters into a contract with a qualified project sponsor to conduct a traded sector business on a certified regionally significant industrial site will be required to pay under ORS chapter 316 as a result of compensation paid to the employees by the eligible employer in the tax years beginning with the tax year following the fifth tax year in which a project sponsor was qualified under ORS 285B.627.

(4) "Industrial use" means employment activities, including but not limited to manufacturing, assembly, fabrication, processing, storage, logistics, warehousing, importation, distribution, transshipment and research and development, that generate income from the production, handling or distribution of goods or services, including goods or services in the traded sector.

(5) "Project sponsor" means:

(a) A public owner of a regionally significant industrial site that is investing in preparation of the site for industrial use by a third party; or

(b) A public entity that has entered into a development or other agreement with the private owner of a regionally significant industrial site to prepare the site for industrial use.

(6) "Regionally significant industrial site" means an area planned and zoned for industrial use that:

(a)(A) Contains a site or sites, including brownfields, that are suitable for the location of new industrial uses or the expansion of existing industrial uses and that can provide significant additional employment in the region;

(B) Has site characteristics that give the area significant competitive advantages that are difficult or impossible to replicate in the region; and

(C) Has superior access to transportation and freight infrastructure, including but not limited to rail, port, airport, multimodal freight or transshipment facilities and other major transportation facilities or routes; or

(b) Is land designated by Metro, as defined in ORS 197.015, as a regionally significant industrial area.

(7) "Traded sector" has the meaning given that term in ORS 285A.010.

(8) "Wage" has the meaning given that term pursuant to rules adopted by the Oregon Business Development Department.

[2013 c.763 §2]

Note: See note under 285B.625.