NIKE Creates More Than 2,000 Jobs After Tax Deal With Oregon
Thursday, October 09, 2014
Photo Credit: Wonderlane on Flickr (Image Cropped)
“NIKE’s hiring expansion has been focused on its global headquarters, so these new jobs are for primary salary employees whose salary often reaches over $100,000 plus benefits,” said Vince Porter, Gov. John Kitzhaber's jobs and economy policy advisor.
The deal between NIKE and the state is based on a law enacted in 2012 that enables companies to maintain the same “single-factor-sales” tax rate for at least 20 years in exchange for adding a minimum of 500 new jobs and capital investments of at least $150 million.
“NIKE has gone above and beyond our expectations by expanding its workforce by far more than was asked of them,” said Kitzhaber. “NIKE’s commitment to economic prosperity here in the state is made clear by the investment the company is making in both existing and new employees.”
The company has met one of two conditions in the contract - the job-increase requirement - but has yet to invest $150 million in capital expenditures.
“NIKE has done a good job of strategically consolidating, and we are very confident that they will meet both requirements by the end of 2016,” said Porter.
On Jan. 1, 2012, NIKE had 6,625 full-time equivalent (FTE) employees at its Oregon World Headquarters facilities, excluding NIKE’s in-house manufacturing, retail field, and temporary and seasonal employees.
As of Sept. 30, 2014, NIKE had 8,709 FTEs. The increase of 2,084 FTEs is four times the hiring requirement of 500 demanded by the state by Dec. 31, 2016.
Homepage Photo Credit: Jodi Wilson, Creative Commons License.
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