Lock in tax rules for Nike expansion, Kitzhaber asks

Oregon Gov. John Kitzhaber called today for a special session of the Legislature on Friday to consider an Economic Impact Investment Act that would accommodate planned expansion by Nike.

“With legislative action this week, Oregon can secure high wage jobs and hundreds of millions of dollars of new private investment in the next five years,” said Governor Kitzhaber. “In fact, Nike is ready to commit to a significant expansion of its Oregon operations if the state can provide certainty we won’t change tax rules after they make a new investment. It’s an easy call and a perfect fit with our strategy to attract and retain companies that create jobs and boost per capita income.”

Kitzhaber asked the Legislature to grant him authority to enter into agreements with companies “committing to significant job growth and investment in Oregon,” according to an announcement from the governor’s office today.

More to come.

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