Local Incentives for Beaverton Businesses and Property Owners

The City of Beaverton offers financing and incentive programs. For more information contact Mike Williams, City of Beaverton Economic Development Division Manager, at 503-526-2456. Contact information for specific programs provided in links below.

Affordable Housing Tax Exemption 

This program allows a tax exemption for affordable housing construction in which the residents earn 60% of the median area income. Please note that this program is for non-profit developers only. 

• Affordable Housing Tax Exemption Program details Opens a New Window. 
• Property Tax Exemption Application Opens a New Window. 
• Recipient Questionnaire Opens a New Window.  (to be included with the submission of the signed application)

Brownfields 

Funding and technical support for assessing environmental conditions and cleanup planning on commercial and industrial properties. Brownfields Remediation and Development 

Business Assistance 

Research services to help businesses start, grow or locate in Beaverton including demographics, commercial property information, industry analysis and market intelligence. Business Assistance Program 

Enterprise Zone 

Eligible office and industrial firms in the city’s designated enterprise zone boundary can receive a three to five year property tax abatement on qualifying new improvements and equipment. Enterprise Zone Program

Pre-Development Grant Program 

Property owners and developers may be eligible for matching grants to explore development opportunities within Beaverton’s Urban Renewal District. 

• Pre-Development Grant Program Informational Flyer
• Programa de subvenciones para el desarrollo previsto
• Pre-Development Grant Program Guidelines and Requirements Opens a New Window. 
• Pre-Development Program Grant Application Opens a New Window. 

Storefront Improvement Program 

APPLICATION DEADLINE: March 8, 2019 - Business and property owners located in Beaverton’s Downtown or Allen Blvd Program Areas are eligible for matching grants towards exterior improvements. Design grants for such improvements are also available. Storefront Improvement Program Opens a New Window. 

Tenant Improvement Program 

APPLICATION DEADLINE: March 8, 2019 - New and existing downtown restaurant owners are invited to apply for a matching grant program aimed at interior improvements to food and beverage service businesses that increase foot traffic and vitality of Beaverton’s downtown. Tenant Improvement Program Opens a New Window.  

Vertical Housing Program 

A partial property tax exemption is available for developers of mixed-use vertical residential projects within one of three Vertical Housing Development Zones. Vertical Housing Development Zones Information