Lane County Board of Commissioners approves West Eugene Enterprise Zone extension
EUGENE, Ore. - The Lane County Board of Commissioners voted to approve an extension of the West Eugene Enterprise Zone.
The enterprise zone is implemented to stimulate new investments for companies in the west Eugene area. The city says the short-term property tax exemptions to both new and existing businesses help create jobs.
"The West Eugene Enterprise Zone is a great tool to help us attract new and growing employers to our community," said Sarah Means, Lane County's economic development manager. "The Enterprise Zone is one way the City and County can work together to enhance our local economy and increase the number of living-wage jobs in the area."
The enterprise zone is jointly sponsored by the City of Eugene and Lane County. The Eugene City Council voted to approve the application for extension on June 8.
The next step is to submit an application to the state for an extension.
Avago Technologies will be one business to benefit from this tax exemption.