City of Gresham Celebrates 20 Years of Enterprise Zone Success

The City of Gresham is celebrating the 20th anniversary of its Enterprise Zone program, a dynamic economic development tool that has brought more than $1.6 billion in local investment and more than 5,000 jobs to Gresham.

The Enterprise Zone is a public/private partnership program providing a three-to-five-year property tax abatement on new business investments in exchange for participating companies meeting specific employment and economic requirements. Since launching in March 2006, the program has helped encourage local growth for major traded sector companies such as Microchip Technology and Arnprior Aerospace.

"The Enterprise Zone program has been instrumental in the economic growth Gresham has enjoyed over the last two decades," says Justin Douglas, Economic Development Director for the City of Gresham. "We look forward to continued success of the program as more companies explore the vast opportunities available here."

23 companies have benefitted from the program to date, with four applications approved by City of Gresham staff in the last year. Interested parties can learn more about the program's requirements by visiting GreshamOregon.gov/Enterprise-Zone.

For additional information, please contact City of Gresham Public Information Officer Nate Jones at [email protected].