Although the Sandy City Council's current policy regarding new business and construction states that "all new growth should pay for itself", it also recognizes a role for "limited direct financial incentives or tax subsidies". The City Council encourages new development that helps meet specific community goals, or strengthens the local economy. Available local subsidies and other opportunities unique to the City of Sandy are listed below:
City of Sandy Enterprise Zone : The City of Sandy is one of four enterprise zones in Clackamas County. Building your business in an enterprise zone provides qualifying businesses a property tax abatement on new construction and equipment purchases for 3 or 5 years, depending on the average wage of jobs created by the project. Click on the link for more information.
City of Sandy E*Commerce Zone : Sandy is one of 15 cities in Oregon that has received an e*commerce designation from the State of Oregon, which grants special status to further encourage electronic commerce or “e-commerce” investments within the city. Qualifying businesses may receive a credit against the business’s annual state income or corporate excise tax liability equal to 25 percent of the investment cost made in capital assets used in electronic-commerce operations. Maximum allowable annual credit amount is $2 million.
City of Sandy Facade Program grants: Grants are available to assist with facade repair on existing commercial buildings and facade construction on newly constructed commercial buildings within the urban renewal district. The City of Sandy Facade Improvement Program provides matching grants of up to $41,500 for exterior improvements that are intended to help commercial property owners bring their buildings into compliance with our "Sandy Style" design standards. These grants are subject to conditions. Please contact the City of Sandy's Economic Development office (503-489-2159 or email@example.com ) for more information.
No sewer or transportation SDC charges in the Downtown Commercial zone for changes in use: The City of Sandy does not collect system development charges for sewer or transportation in the downtown commercial zone (C-1) provided the following qualifications are met:
Gigabit fiber is available to any building within city limits : SandyNet, the City of Sandy's municipally owned internet service provider, can provide gigabit fiber to any commercial or industrial building within city limits. One time buildout costs do apply, but rates are very competitive. SandyNet also offers VOIP phone service, offsite backup and web hosting services for business. Don't mess around with inferior services like T-1s and DSL; get the fastest internet service available in Oregon! Click on the link for more information. [UPDATE: Funds are now available to assist building owners with buildout costs in within the urban renewal district. Please contact SandyNet Fiber at (503) 668-2923 to order service and/or schedule an installation for your business.]
SDC financing: The City of Sandy offers the option to finance system development charges over a 10 year period to help offset the cost of starting a new business. Interest rates are based on current market rates.
RRED (Rural Renewable Energy Development) Zone : The Clackamas County RRED zone is designed to encourage investments that harness wind, geothermal, solar, biomass and other alternative and renewable energy production projects. RRED zone incentives provide qualifying businesses a property tax abatement on investments that harness the renewable energy sources mentioned above for 3 or 5 years, depending on the average wage of jobs created by the project. Click on the link for more information.