In 1999, several of Oregon’s largest corporations—including Intel, Nike, Columbia Sportswear and Precision Castparts—recognized a need for a dramatic shift in Oregon’s corporate tax policy. The Smart Growth Coalition was formed to secure more favorable policies. It turned to Pac/West for leadership.
Our team educated legislators across the political spectrum and, by 2003, garnered bipartisan support to pass legislation establishing the single sales factor for Oregon. This new corporate tax policy spurred an unprecedented period of growth in Oregon’s manufacturing sector. Corporations added high-wage jobs and made significant investments in research and development. As a result, Oregon cemented its reputation as the “Silicon Forest.”
Our work for the Smart Growth Coalition has expanded to include the creation of a Qualified Research Activities Tax Credit in Oregon, the establishment of the Rainy Day Fund and the approval of a corporate minimum tax.