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Corvallis‑Benton economic office highlights CPACE, Airport Industrial Park annexation and OSU tech hub funding
Summary
The county’s economic development manager reported progress on local development tools — CPACE and a multiunit property tax exemption — an upcoming annexation for the Airport Industrial Park, and federal and state funding awarded to Oregon State University and associated semiconductor initiatives.
Christopher Jacobs, economic development manager for the Corvallis‑Benton County Economic Development Office, briefed the county commissioners Feb. 18 on recent and planned initiatives intended to boost industrial and downtown development in the region.
Jacobs said the county’s Commercial Property Assessed Clean Energy (CPACE) program passed on first reading at the city and second reading is scheduled for March; he also noted the first multiunit property tax exemption application for a downtown Corvallis project will be considered that evening by the city council. He described both as new financing and incentive tools meant to support taxable development and jobs.
Jacobs reported that the county is…
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