The excitement doesn’t just stop at a GSP of $252 billion. With a relatively meager population just north of four million citizens, Oregon is the crown jewel of the Pacific Northwest. Even with a vast rural community to sandbag income statistics, Forbes predicts that the current median residential income of $63,058 will rise faster than every other state, except for Florida over the next five years. The growth of Oregon has been described as “explosive” and “unprecedented” by economists and sociologists alike. Has Oregon’s potential piqued your interest yet? Get your moving company on standby and dust off those shipping boxes because you don’t want to miss this!
“Just Do It”
Oregon is home to one of the most symbolic relationships between a corporate juggernaut and a public university. We are talking about Nike and the University of Oregon. Why is this important? When it comes to potentially relocating your business or office to Oregon, it can be extraordinarily beneficial. Phil Knight, Nike founder and University of Oregon alum, put the inertia of his $29.6 billion company behind the University. This tradition has been accelerated by those at the helm of the company since Knights retirement in 2016. Through donations and booster support, The University of Oregon has placed itself on the world stage for athletics and academics. The funding raised the prestige and the bar for the small state University of 23,000. The University has become synonymous with everything that Nike represents… competitiveness.
An academically competitive state university with a lower financial burden virtually ensures the employees you hire are not only top-notch but also come from diverse backgrounds. A diverse workforce with above average aptitude is something most companies not only dream of but spend millions to obtain. Setting up your corporate office or warehouse in Oregon puts the ideal workforce in your lap.
The Business Climate is Bright and Sunny
Mark Twain said it best “Climate is what we expect, weather is what we get.” If you have the notion of changing your corporate or residential address to an Oregon zip code, set your expectations sky high. According to the Tax Foundation, a non-partisan research institution, in 2017, Oregon ranked #10 in the U.S. for business friendliness. In fact, the state has maintained a top 10 spot since 2014. For starters, Oregon does not have sales tax. Oregon also allows corporate net operating losses to be carried forward for up to 15 years without a cap. That means your business can apply this year’s net operating loss to future years’ profits and reduce its tax liability. Oregon has set a different standard than most states. Oregon wants your business. It’s no mystery why many are willing to move a long distance to call Oregon home.
Oregon is waiting. Let’s make your transition as smooth as possible. Cherry Moving has been the top choice in coast to coast moving and short term storage solutions by America’s most discerning clientele. Trusted by everyone from the Mayfair Hotel to the Fidelity, Cherry Moving will get you there!
