Thousands of potential jobs and billions of potential private investments have been lost to Oregon in the past five years and the state is poised to lose even more in the next five years, according to a survey by the University of Oregon.
Better Tax Structures is an Incentive to Relocate
The university’s Institute for Policy Research and Engagement School of Planning, Public Policy, and Management, says in a report that a concerning number of businesses indicated they were choosing to relocate because of tax and regulatory burdens, problems associated with attracting and retaining talent, combined with an unfavorable business climate.
Researchers warn that the fact that other states are actively competing to attract businesses and investments away from Oregon could lead to job losses, reduced tax revenues, and slower overall economic growth.
In the report, researchers say the inter-state competition for economic development is a real threat to Oregon’s economy…