(1) "Eligible employer" means an employer that:

(a) Is conducting a traded sector business on a regionally significant industrial site; and

(b)(A) With respect to a rural site, has hired at least 25 full-time employees whose wages average at least 150 percent of the county or state average wage, whichever is less; or

(B) With respect to an urban site, has hired at least 50 full-time employees whose wages average at least 150 percent of the county or state average wage, whichever is less.

(2) "Estimated incremental income tax revenues" means the Oregon personal income tax revenues that are equivalent to the amount of tax that employees of an eligible employer who are hired by the eligible employer on a designated regionally significant industrial site have paid under ORS chapter 316 in the tax years following the first tax year in which the eligible employer begins conducting a traded sector business on the designated regionally significant industrial site.

(3) "Industrial use" means employment activities, including but not limited to manufacturing, assembly, fabrication, processing, storage, logistics, warehousing, importation, distribution, transshipment and research and development, that generate income from the production, handling or distribution of goods or services, including goods or services in the traded sector.

(4) "Project sponsor" means:

(a) A public owner of a regionally significant industrial site that is investing in preparation of the site for industrial use by a third party; or

(b) A public entity that has entered into a development or other agreement with the private owner of a regionally significant industrial site to prepare the site for industrial use.

(5) "Regionally significant industrial site" means a site planned and zoned for industrial use that:

(a)(A) Is suitable for the location of new industrial uses or the expansion of existing industrial uses and that can provide significant additional employment in the region;

(B) Has site characteristics that provide significant competitive advantages that are difficult or impossible to replicate in the region; and

(C) Has superior access to transportation and freight infrastructure, including but not limited to rail, port, airport, multimodal freight or transshipment facilities and other major transportation facilities or routes; or

(b) Is located in an area designated by Metro, as defined in ORS 197.015, as a regionally significant industrial area.

(6) "Rural site" means a regionally significant industrial site located in an area outside of a metropolitan statistical area, as defined by the most recent federal decennial census.

(7) "Traded sector" has the meaning given that term in ORS 285A.010.

(8) "Urban site" means a regionally significant industrial site located in a metropolitan statistical area, as defined by the most recent federal decennial census, that is located inside a regional or metropolitan urban growth boundary.

(9) "Wage" has the meaning given that term pursuant to rules adopted by the Oregon Business Development Department. [2013 c.763 §2; 2017 c.561 §2]

Note: See note under 285B.625.