Subsidy Tracker Individual Entry
retention of major sportswear company
Good Jobs First estimated the 30-year value of the single sales factor deal using the methodology of the Oregon Center for Public Policy, which calculated Nike's Single Sales Factor savings in 2006. We applied updated figures for Nike's profits and for the state's corporate tax rate. OCPP's calculation is online at: http://www.ocpp.org/2007/ssfexampleNIKE20070129.pdf. The job and investment projections are taken from an agreement between Nike, Inc. and State of Oregon signed on December 19, 2012; available online at: http://www.ocpp.org/media/uploads/documents/2013/20121912NikeAgreement.pdf
In December 2012, the Oregon legislature passed the so-called "Nike bill," which allowed the company to calculate its Oregon taxes based on the single sales factor formula for 30 years. The subsidy estimate is conservative, given that it does not take into account future increases in the company's profits. Overlap with main Subsidy Tracker data: none.