Council approves two-year enterprise zone extension for I3D, cites 20 new jobs
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Summary
The council approved a two-year extension of an Oregon enterprise zone abatement for I3D Manufacturing, a local additive metals company, after staff said the company added 26 jobs in the past 12 months and projects 20 additional jobs under the extension.
The Redmond City Council voted to approve a two-year extension of an Oregon enterprise zone tax-abatement period for I3D Manufacturing, moving the eligible abatement window from three to five years. Steve Curley, director of Redmond Economic Development, told council the additive metals manufacturer has grown rapidly, was acquired by private equity and added 26 jobs in the past 12 months; the extension is expected to support the creation of 20 additional jobs at 50% of Deschutes County—s average median wage.
Curley said the positions represent above-average wages in the county (staff cited a median-wage benchmark near $93,000 to $94,000) and that the company is invested in the community. Council asked if a clawback provision existed in the agreement; staff replied that a clawback was present.
Outcome: Council approved the enterprise zone extension for I3D by voice vote. Staff will finalize the abatement documents with the company.
