Company: Nike Parent Company: Nike Subsidy Source: state Location: Oregon City: Beaverton County: Washington Project Description: retention of major sportswear company Year: 2012 Major Industry of Parent: apparel Specific Industry of Parent: apparel Subsidy Value: $2,021,000,000 Program Name: single sales factor Awarding Agency: state legislature Type of Subsidy:
Number of Jobs or Training Slots: 500 Capital Investment: $150,000,000 Source of Data: 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: (click here). 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: (click here) Notes: 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. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.