Oregon is in the top 10 on the Tax Foundation’s State Business Tax Climate Index. Coming in at number 7, the Beaver State is a business-friendly place to be when it comes to taxes. In addition to the low business taxes, there’s no sales tax in the state. Energy costs are also a plus in Oregon; US News & World Report ranks it as thirteenth in the US for the price of electricity. The labor supply in Oregon is healthy—Forbes ranks it eighth in the nation.
The economic future looks bright in Oregon. Job growth has exceeded the US average in recent history, and it’s expected to do the same in the future. It has strong growth prospects, and both US News & World Report and CNBC note its promising economic conditions.
With such a bright future and low business costs, now’s a great time to get started. FranNet’s local experts know what to expect in Oregon, and they’re ready to help you choose a business that works for you.