SAVE PORT WESTWARD!

TALE OF TWO SUBSIDIES

It was the best of deals, it was the worst of deals. Why Genentech worked and Cascade Grain failed.

By BEN JACKLET

http://www.oregonbusiness.com/articles/58-may-2009/1657-a-tale-of-two-subsid%20

INCENTIVE PACKAGES FOR GENETECH AND CASCADE GRAIN

GENENTECH
Total investment: $400 million
Jobs promised: 300 by 2015
Jobs delivered, as of April 1: 160

INCENTIVES: $32.475 million
Strategic investment program property tax break: $25.95 million
Enterprise Zone property tax break: $3.1 millionStrategic Reserve Fund grant: $2 millionImmediate Opportunity Fund grant: $1 millionWorkforce Training grant: $425,000