A guide to help you understand the ins and outs of business in Oregon
Oregon is located in the Pacific Northwest along the Pacific coast. It has California and Nevada to the south, Idaho to the east, and Washington to the North. Salem is the capital, while Portland is the most populated city. The 9th largest state is home to 4.22 million people, making it the 27th most populous state in the country. The 2019 GDP for Oregon was $253,623,000,000.
Manufacturing, business services, food and beverage, forestry and wood products, technology, and outdoor gear are the top industries in Oregon. Oregon is the largest lumber producer in the US. The state accounts for 2,200 companies, 47,000 employees, $844 million in exports, and 30.5 million acres of forestlands.
In 2019, Oregon imported $4,200 from Qatar. In 2019, Oregon exported $5,725,609 to Qatar with its top exports being: Nuclear reactors, boilers, machinery, etc. Electrical machinery, sound/tv equipment Oil seeds, miscellaneous grains, seed, fruit, plants
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Oregon has a two-tiered corporate income tax rate. For the first $1 million, the corporate income tax rate is 6.6%. Anything above the $1 million threshold sees a tax rate of 7.6%. Oregon has 28 incentive programs, as well as two free trade zones, which are located in Coos Bay and Portland.