As used in ORS § 285C.600 to 285C.635:

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(1) ‘Business firm’ has the meaning given that term in ORS § 285C.050.

(2) ‘Consumer Price Index for All Urban Consumers, West Region’ means the Consumer Price Index for All Urban Consumers, West Region (All Items), as published by the Bureau of Labor Statistics of the United States Department of Labor.

(3) ‘Eligible project’ means a project that meets criteria established by the Oregon Business Development Commission to be exempt from property taxation under ORS § 307.123.

(4) ‘First-source hiring agreement’ has the meaning given that term in ORS § 285C.050.

(5) ‘Newly created jobs’ means, for an eligible project, total jobs less retained jobs.

(6) ‘Publicly funded job training provider’ has the meaning given that term in ORS § 285C.050.

(7) ‘Rural area’ means an area located entirely outside of the urban growth boundary of a city with a population of 40,000 or more, as the urban growth boundary is acknowledged on the date on which an applicant submits an application, pursuant to rules adopted by the Oregon Business Development Department, for property tax exemption under ORS § 307.123.

(8) ‘Strategic investment zone’ means a geographic area established under ORS § 285C.623, within which the property of eligible projects may be exempt from property taxation under ORS § 307.123. [Formerly 285B.380; 2005 c.237 § 1; 2015 c.518 § 1; 2015 c.757 § 1; 2023 c.298 § 40]

Section 2, chapter 518, Oregon Laws 2015, provides:

The amendments to ORS § 285C.600 by section 1 of this 2015 Act do not apply to:

(1) An eligible project located, or an application for a project to be located, within a strategic investment zone designated before the effective date of this 2015 Act [October 5, 2015].

(2) A parcel of land on which an eligible project is located on the effective date of this 2015 Act. [2015 c.518 § 2]