With foot traffic slow to recover after the pandemic, Portland officials have been working to attract more people — workers and otherwise — into the downtown area.
PORTLAND, Ore. — A new tax incentive meant to draw businesses back to Portland’s central city sailed through city council Thursday in a unanimous vote. The “Downtown Business Incentive” allows businesses to waive up to $250,000 in business license taxes they’d normally owe the city.
“A first-of-its-kind tax credit to actually reward businesses that sign long-term leases here in the central city that was hardest hit by the pandemic,” said Andrew Fitzpatrick, the Mayor Ted Wheeler’s director of economic
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