Libs Claim: M 66 & 67 HELPED Business! It’s All So Clear to Me Now…

January 27, 2011

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Our Oregon: 66 and 67 helped business

Portland Business Journal – by Andy Giegerich , Business Journal staff writer

Date: Thursday, January 27, 2011, 12:04pm PST

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The group that backed Oregon’s passage of two tax measures last year has unveiled a website touting the state’s business gains since voters approved the measures.
Our Oregon’s website recaps several news stories and announcements of companies expanding their Oregon facilities or relocating to the state since Measures 66 and 67 passed last year. The measures collectively raised the corporate minimum tax and personal income taxes for wealthy residents. Among the highlights:
• SolarWorld added 350 jobs last May
• Hi-Tec USA moved its boot-making headquarters to Portland last fall.
• John’s Incredible Pizza announced it would open restaurants that provide 185 jobs in the Portland region.
In announcing the site, Our Oregon noted that lobbyists had claimed the tax measures would make it more difficult to do business in the state.
“So, what actually happened? Scores of businesses have announced that they are moving to or growing in Oregon,” said Scott Moore, an Our Oregon spokesman, in a statement. “Venture capital has skyrocketed, clocking in with the second-best year since the dot-com boom. Oregon’s 10 largest public corporations are sitting on $6.4 billion in cash and short term investments. . .(corporate lobbyists) were wrong a year ago. Businesses didn’t flee — they flocked here.”
Measures 66 and 67 passed by a margin …

The group that backed Oregon’s passage of two tax measures last year has unveiled a website touting the state’s business gains since voters approved the measures.
Our Oregon’s website recaps several news stories and announcements of companies expanding their Oregon facilities or relocating to the state since Measures 66 and 67 passed last year. The measures collectively raised the corporate minimum tax and personal income taxes for wealthy residents. Among the highlights:
• SolarWorld added 350 jobs last May
• Hi-Tec USA moved its boot-making headquarters to Portland last fall.
• John’s Incredible Pizza announced it would open restaurants that provide 185 jobs in the Portland region.
In announcing the site, Our Oregon noted that lobbyists had claimed the tax measures would make it more difficult to do business in the state.
“So, what actually happened? Scores of businesses have announced that they are moving to or growing in Oregon,” said Scott Moore, an Our Oregon spokesman, in a statement. “Venture capital has skyrocketed, clocking in with the second-best year since the dot-com boom. Oregon’s 10 largest public corporations are sitting on $6.4 billion in cash and short term investments. . .(corporate lobbyists) were wrong a year ago. Businesses didn’t flee — they flocked here.”
Measures 66 and 67 passed by a margin of 54 percent to 46 percent, and 53 percent to 47 percent respectively.

Read more: Our Oregon: 66 and 67 helped business | Portland Business Journal