| Corvallis EZ |
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ENTERPRISE ZONEThrough a combined effort between Benton County, the City of Corvallis and the Chamber Coalition, Benton County received its first Enterprise Zone (EZ) last year. The initial zone covers the industrial area (approximately 1,000 acres) in South Corvallis. To date we have received two applications, one for T. Gerding Construction and the other for Natural Pointe. These two projects equate to approximately $7MM in local investment. They create jobs, reward sustainability, provide a 3-5 year tax abatement incentive and eventually will create revenue for each of the taxing districts (Corvallis, Benton County, LBCC, 509J, etc). T. Gerding Construction’s application has been approved and they are building their new headquarters across the street from the FedEx building on Airport Avenue. Natural Pointe, if approved, will build in the space at the northeast corner of South Corvallis’ industrial land (the site once approved for a home improvement center and considered for a car lot). We have an opportunity to expand the Enterprise Zone to include other industrial areas in Benton County. In order to move the expansion forward, we are hosting a meeting to explore potential sites being considered and to provide feedback to and from our taxing districts. Some of the sites being considered include: — Sunset Research Park — Reservoir Avenue — Hewlett Packard — McFadden Industrial Site (just south of Hewlett Packard) In order to move forward on the expansion, it is important to have input from the business community and other groups that have a strong interest in Benton County’s economic development efforts. I would like to invite you to participate with us and provide input on whether an Enterprise Zone expansion is warranted and what areas should be included. This is an opportunity to help shape the only incentive program we have for economic development and I strongly encourage you to attend. Please register today, so we can plan appropriately. December 2, 2010 7:00 pm LaSells Stewart Center Construction and Engineering Hall Agenda
— Sunset Research Park — Reservoir Avenue — Hewlett Packard — McFadden — Others
Sincerely, Mysty Rusk President Corvallis Benton Chamber Coalition 541-757-1505x9 |