2014-08-27 08:10:00 by Metro Networks, Inc.
(Hillsboro, OR) -- A plan to provide Intel with two-billion dollars in potential property-tax breaks over 30 years is moving forward. The Hillsboro City Council and the Washington County Board of Commissioners approved the deal yesterday. The two-billion in tax breaks is based on 100-billion dollars in local investment by the tech giant. "The Oregonian" reports the property tax breaks, which will apply only to equipment, are made possible by Oregon's Strategic Investment Program.