Gresham's requirements
In addition to state requirements, Gresham requires that qualified businesses meet these local criteria to receive enterprise zone benefits:
Minimum investment
A minimum $1 million investment is required to be eligible for the Gresham enterprise zone program.
Job quality
Zone facility full-time jobs will be required to meet a minimum quality level during the period of exemption.
Wages
Manufacturing firms (51% of revenue from production of a tangible good)
- Production occupations, average annual compensation (wages plus benefits) must exceed 150% of Portland metro minimum wage at time of application.
- All other facility positions, average annual compensation must exceed 200% of Portland Metro minimum wage. Top executive positions or top 5% of payroll shall be excluded from calculation.
All other eligible uses (i.e., warehouse/distribution, e-commerce, fulfillment center, data center, etc.)
- Average annual compensation for facility jobs must exceed 200% of Portland metro minimum wage. Top executive positions or top 5% of payroll shall be excluded from calculation. Minimum wage rate at the time of application will apply throughout the entire exemption period.
Benefits
- Companies must provide non-mandated benefits to employees at an hourly value equal to or greater than 20% of average annual salary for all years of the exemption.
Community service fee
Workforce development
Companies shall participate in workforce development activities in four categories:
- Growth opportunities for existing employees
- Local youth engagement
- Business to business support
- Local hiring activities
Procurement plan
Participating companies will be required to submit a procurement plan demonstrating a good faith effort to increase purchasing with Gresham companies.
Business identity clause
A participating company shall make a good faith effort to communicate its business identity as a company located in Gresham.
Application fee
Applicants shall pay an application fee of one tenth of one percent (.001) of the value of the investment for qualified property estimated in the application, capped at $50,000.