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Oregon business leaders testify in support of a bill that would create a new incentive for established businesses in the State to grow. The Governor's budget includes $5 million dedicated to a fund from which large companies could borrow to pay new high-wage employees. Tim McCabe with Oregon’s Business Development Department says it will be recapitalized with the money that comes back in through personal income taxes paid by the company. Business leaders say, right now, the State does not offer any incentives for these businesses to stay here and grow.

 

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