Nike, Intel, Oregon & Friends
Students and faculty at the UO know the power Nike has in Oregon. Even Google knows it. The sports empire has its well-fitted and flashy foot in the door of Oregon’s economy but, like the athletes it equips, faces heavy competition. Intel, a company that employs more Oregonians than any other, is disputing a bill that would give more tax breaks to Nike. Not-so-coincidentally, the bill being supported by Nike cuts out Intel.
The bill allows companies to lock in their tax structure so changes in their business won’t result in tax hikes. However, it doesn’t apply to companies that saved over five million dollars through the Strategic Investment Program. Last year Intel saved 22 million dollars thanks to the SIP.
The process behind how the guideline was added remains a mystery, but it’s clear that this is a skirmish for Oregon’s monetary favor between two titans. Both Nike and Intel promise expansion within Oregon in the near future, but this bill could directly affect their incentives and progress. In turn, Oregon jobs and industry. Governor John Kitzhaber has stated that he doesn’t support the SIP based exclusion, but what form the final legislation will take is still unclear.
What is clear is that’s one fine piece of mustache.
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